Don’t keep cash with you—money is printed to rescue the bonds! 💵⚠️
No matter who takes power, how strong or strict they are, when things reach a critical stage and saving the bond market becomes a priority, the easiest option may be to print more money and inject liquidity. 🖨️💰
Former Federal Reserve Chair Alan Greenspan summarized this idea with a famous line:
“They can pay any debt they owe, because we can always print money to do it.”
Greenspan, Volcker, Warsh, and whoever comes next in leading the Federal Reserve, may differ in approach and policies, but they all face the same problem: a financial system built on massive levels of debt that, in times of crisis, needs liquidity.
#US #IranStrikesUSBaseInKuwait #USAugADPJobsSmallestGainSinceJan
No matter who takes power, how strong or strict they are, when things reach a critical stage and saving the bond market becomes a priority, the easiest option may be to print more money and inject liquidity. 🖨️💰
Former Federal Reserve Chair Alan Greenspan summarized this idea with a famous line:
“They can pay any debt they owe, because we can always print money to do it.”
Greenspan, Volcker, Warsh, and whoever comes next in leading the Federal Reserve, may differ in approach and policies, but they all face the same problem: a financial system built on massive levels of debt that, in times of crisis, needs liquidity.
#US #IranStrikesUSBaseInKuwait #USAugADPJobsSmallestGainSinceJan