4 ms·
Nobody sees any issues with the Fed being saddled with private sector debt? The same Fed that decides how much money is printed? The same money that is the worl
by omerbensaadon 6y ago
Nobody sees any issues with the Fed being saddled with private sector debt? The same Fed that decides how much money is printed? The same money that is the world reserve currency (functionally, the new gold)?
What the fuck is happening?
- thephyber 6y ago> is happening What is different this time? The Fed has participated in just about every financial bailout since it was founded in the 1910s. Even before the USA moved from gold-backed-bucks to fiat currency, there were rumors that there wasn't enough gold to back all of those promises. > Nobody sees any issues I'm sure lots of people are concerned, but that isn't the question. The question is what can be done and I think at this point everyone s paralyzed with indecision.
- omerbensaadon 6y agoThe difference is the riskiness of the things they are willing to buy...