The "borrowing" is in reality interest rate management: the Fed sets the interest paid upon reserves created thru deficit spending by swapping them for interest bearing bonds. We are in a fiat system, the gold standard expired on 1971. Hence there is no borrowing anymore, only debt money creation.
2:01 - New York went bust in the '70's because they had been funding operational expenses with capital debt going back to the Wagner administration and the credit markets locked them out when they went to refinance in '75. UST knows this and I think it plays into their issuance preferences 31:41 - Describing an example of serious consternation 34:51 - Classifying and describing funded and unfunded duration 35:30 - Sounds to me like, according to the swaps market, the yield curve is contango
Greenspan and the 5,000 employed by the Federal Reserve...fact check the top janitor making $100,000 is not a joke......check out Thomas Delorenzo speaking on the topic
If the federal reserve went out during their asset purchases in the bond market, and straight bought JPMorgan bonds, it would prop up JPMorgan just like buying JPMorgan stocks. We want an audit of the federal reserve, and Thomas Delorenzo is right
The problem is the hopelessly corrupted Congress. We can work on the debt structures, the debt issuance strategies, the red wave blue wave, but nothing will change congress until we force congress to change. The corruption of congress has spread to the presidency. We need people in congress to grow a conscience, or force them to with term limits, ending superpacs, and force them to put their publicly traded assets in a blind trust.
The "borrowing" is in reality interest rate management: the Fed sets the interest paid upon reserves created thru deficit spending by swapping them for interest bearing bonds. We are in a fiat system, the gold standard expired on 1971. Hence there is no borrowing anymore, only debt money creation.
2:01 - New York went bust in the '70's because they had been funding operational expenses with capital debt going back to the Wagner administration and the credit markets locked them out when they went to refinance in '75. UST knows this and I think it plays into their issuance preferences
31:41 - Describing an example of serious consternation
34:51 - Classifying and describing funded and unfunded duration
35:30 - Sounds to me like, according to the swaps market, the yield curve is contango
Great content
Taking credit for boom economies and pointing fingers if its a Bust economy....thats the politics of the Govt.
Greenspan and the 5,000 employed by the Federal Reserve...fact check the top janitor making $100,000 is not a joke......check out Thomas Delorenzo speaking on the topic
If the federal reserve went out during their asset purchases in the bond market, and straight bought JPMorgan bonds, it would prop up JPMorgan just like buying JPMorgan stocks. We want an audit of the federal reserve, and Thomas Delorenzo is right
#PPOW
This is a hodgepodge of nothingness.
We can all be confident that the chairs on the Titanic will be arranged impeccably.
The problem is the hopelessly corrupted Congress. We can work on the debt structures, the debt issuance strategies, the red wave blue wave, but nothing will change congress until we force congress to change. The corruption of congress has spread to the presidency. We need people in congress to grow a conscience, or force them to with term limits, ending superpacs, and force them to put their publicly traded assets in a blind trust.
✌️✌️✌️😒✌️✌️✌️