Prediction evidence

When Treasury starts buying its own bonds, the Fed stops being the story "What the Fed does is effectively irrelevant right now. This is clearly a step towards fiscal dominance, to have these bond buybacks. But the Fed needs to cut rates, if you believe that the bond market would actually believe it" "Remember, when Powell cut rates, yields went up. So it didn't have exactly the desired effect. But if you believe it would operate the way it should, they cut rates, they can refinance some of this debt that's coming due, not go from paying 2% or 3% to paying 4% or 5%, and try to bring down the debt service" "Right now the debt service is the largest line item on our budget sheet, and it is only growing rapidly" "That's why we Bitcoin. This is absurd. It's a completely broken system that we are living within, and good luck trying to fix it"