Is the Fed Going to Buy the Paper?

If we're going to run these gargantuan deficits from here to eternity, then who's going to buy the paper? Because the treasury is not now running a balance book. The system can't serveuce the debt. Ye sormin ow, these wizards have to reset it and figure out what we are going to do. And i know elected officials and appointed central bankers here and abroad are not going to go down the path of belt tightening and austerity. Well, it's not in their self used, pardon, it'sNot in their self interest, right? O, that requires telling hard truths. And a, the last i check, politicians don't love that. No,

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