31 sats \ 9 replies \ @TomK OP 7 May \ parent \ on: US Treasury issues 125 billion dollars worth of new bonds this week econ
Exactly, and then the minimum reserve regulations will be relaxed, sovereign wealth funds and banks will be forced, as you say, to take this junk onto their balance sheets and we will have opened up yet another pond for this slurry.
We don't have minimum reserve requirements in the US anymore.
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There was shockingly little coverage when they were removed it a few years ago.
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The writership of the general media is too financially illiterate to report on it in detail (which is why they were hired).