Yet another Hidden in Plain Sight.
The Fed portolio of government debt is too big to be sold off in the foreseeable future.
Ergo, Congress is spending money that is ultimately not tax revenue, it’s not really “borrowed” (because it can’t be repaid) so it is, in effect, just like printing money and spending it.
Americans need to be informed and educated on this.
The capital markets establishment elites want the game to continue which makes the money bubble grow - they want this because they are comfortable themselves, they are intellectually lazy and they are not significant owners of the banks and other businesses that they manage (the mega-banks are publicly-held), they are just highly-compensated employees.
“The capital markets establishment elites want the game to continue”
***********
Of course, they don’t want the game shut down. They are having too much fun winning money in the government run casino.