Secretary of the Debt Janet Yellen says she wants to buy back 20-year treasuries. Rafi Farber has a question about this. How in the name of math do you buy back $1.4 trillion in debt with only $600 billion in your bank account at the Fed? The answer: By selling even more short-term debt, which has even higher yields than what you’re buying back because the yield curve is fully inverted now. And so Yellen’s plan is to lose money intentionally.
It’s clown world guys, and this is Janet Yellen’s Dance Party now!
Real money never sounded better than it does today. And with today’s physical silver premiums still at all-time record highs, the silverbacks are clearly not the only ones who think so.
Click the link below to watch the full episode: