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Rabbit Hole Recap #255: The Debt Ceiling Does Not Exist

Rabbit Hole Recap

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The Fed's Open Up of the Buyback Window

The banks generally the free market generally buys us that moves dollars out of the banking system to the treasury account. Right now we're at an abnormally low level of cash that's sitting in the treasury. So it's basically going to put a strain on the banks from a cash position when the government starts to be issued. In practical terms, this means more inflation is coming. It will, I think, accelerate the money printing, the need to print more money.

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