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To: davikkm
This year the US has to roll over 7 trillion USD in bonds and finance an annual deficit of around 2 trillion on top of it.

There's no way the US can find buyers of $9 trillion in bonds for one year. The Fed printed $8 trillion during COVID and will probably need to print $5 to $6 trillion this year.

Trump recently said that he doesn't want to be the next Herbert Hoover, but conditions are shaping that way for the next presidential term.

10 posted on 01/15/2024 4:34:27 AM PST by Right_Wing_Madman
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To: Right_Wing_Madman
Trump recently said that he doesn't want to be the next Herbert Hoover, but conditions are shaping that way for the next presidential term.

This is tailor made for a slash and burn run throughout the federal.gov

12 posted on 01/15/2024 4:48:30 AM PST by BlackbirdSST (Trump or Bust! Long live the Republic.)
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To: Right_Wing_Madman
Trump recently said that he doesn't want to be the next Herbert Hoover, but conditions are shaping that way for the next presidential term.

Quite the opposite, I'm happy to say.


13 posted on 01/15/2024 5:11:15 AM PST by C210N (Mundus vult decipi, ergo decipiatur.)
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To: Right_Wing_Madman

One would think bond rates would be rising. The opposite is happpening as they have been falling.


14 posted on 01/15/2024 5:31:24 AM PST by Mouton (150MTs in the right location will not solve are problems now.)
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To: Right_Wing_Madman

“There’s no way the US can find buyers of $9 trillion in bonds for one year.”

There is an old joke that solves this mystery.

A man walks up to a strange woman and says:

“Will you have sex with me for a billion dollars?

She says: “For a billion dollars. You really have a billion dollars to give me. Well, OK. Let’s go back to my place.”

He says: “Now we have established what you are. All that remains to be discussed is the price.”

There are always buyers for anything—at the right price.


18 posted on 01/15/2024 4:01:14 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: Right_Wing_Madman
The Fed printed $8 trillion during COVID

The balance sheet went from $4.2 trillion pre-covid to $7.4 trillion when Trump left office. It peaked at a bit less than $9 trillion in April 2022.

and will probably need to print $5 to $6 trillion this year.

It's under $7.7 trillion today. I bet it will be lower at the end of the year, not $5-6 trillion higher.

23 posted on 01/15/2024 5:34:09 PM PST by Toddsterpatriot (TANSTAAFL)
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