Former Treasury Secretary Henry Paulson warns U.S. needs an emergency ‘break-the-glass’ plan if Treasury demand collapses
https://www.marketwatch.com/story/former-treasury-secretary-henry-paulson-warns-u-s-needs-an-emergency-break-the-glass-plan-if-treasury-demand-collapses-051e2a2c
Posted by thejoshwhite
2 Comments
This guy. He ‘cleaned up the mess’? He gave govt loans to banks at basically 0% interest so they could turn around and buy treasuries hand over fist for a completely risk-free arbitrage.
The ‘break-the-glass’ plan is like every other plan: money printer go brrrrrr.
Granted inflation is already elevated this time unlike during his tenure but the idea of an ‘uprising’ because of inflation is a non-starter in this country given the surveillance state and general intolerance of public protest. This isn’t France.
They’ll continue to monetize war debt, corruption, bank bailouts and tax cuts for the rich on the backs of the populace by monetizing sovereign debt through the cruelest tax.
That’s easy- fed will just create some mechanism to buy them. They come up with creative schemes all the time. They’d just need to use those terminals doge got their hands on and sure up those existing relationships with hedge-funds with bailout packages