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2min chapter
Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The Fed's Plan to Buy US Treasuries
Robert Kagan: Eventually what you do is you crowd out the balance sheets, right? There's only so many treasuries that Citibank or Citibanks or JP Morgan can own. Then if that has to come in and print and buy their own, they have to monetize them. And but I mean, then you're printing the interest payments. Right. This is stage more of hyperinflation.
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