Yeah. I think that's right. The fiscal death spiral has begun.

Undisciplined

econ

The Fed Fears a Bond Meltdown

>Powell is like a fireman trying to stop a fire with a bucket of water, while the owner of the building, the government, throws gallons of gasoline over the ceiling.

Traditionally the Fed would just continue to raise interest rates, which would in turn curb borrowing and thus curb spending by govt. 

There is obviously the concern that raising interest rates crashes the market, but I think that mostly a side issue. The bigger structural problem is that any rise in interest rates will induce *more* govt spending. The govt will borrow money to pay ever higher interest. 

At this point its obvious we've crossed the Rubicon. 

TLDR: Buy Bitcoin


