Source item
Open original source ↗"There could be a problem, we've been reading about that, with Treasuries,…
That could be an interesting problem because it could be that a lot of those things don't count…"Therefore maybe we have less debt than we thought.”
Translation:
“I visited Japan 🇯🇵 2 days ago & during my visit my advisors told me about how Japan bought all of its own debt & that debt doesn’t actually matter… I didn’t realize this was an option until just now… We will soon begin monetizing our debt, like Japan, & will have less debt than we thought.”
Quoted context
These are the quoted author’s words.
I presume this is a prelude to what @jam_croissant has been calling a “debt jubilee.” I’m guessing that anything they would “disregard” would likely be held by the Fed. I’d be shocked if they “disregarded” any debt held by others - even China.
tony_mansour ↗