Weekly Roundup 06/02/23 (Crypto-eurodollars, SBF's defense, debt ceiling debate) (EP.428)
On The Brink with Castle Island
How to Get the Debt to a Serviceable Level
The deal I think is in place, and it's not good for the long-term debt situation. It doesn't look like the Republicans are actually interested in trying to achieve a balanced budget. There's certainly no desire for austerity or reducing the size of government. The only exit valve is the USD via monetization of the debt. Print more dollars. That's the only way to get out, right?
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