toxicbitcoiner on Nostr: The death spiral for a central bank is when it trends towards becoming the sole buyer ...
The death spiral for a central bank is when it trends towards becoming the sole buyer and owner of its government’s bonds. No external bid or reservation demand? Game over. A gradually, then suddenly process.
FTT, same thing.
Terra, same thing.
Mississippi Company, same thing.
So who’s going to buy the bonds?
Published at
2024-07-25 22:25:39Event JSON
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"content": "The death spiral for a central bank is when it trends towards becoming the sole buyer and owner of its government’s bonds. No external bid or reservation demand? Game over. A gradually, then suddenly process.\n\nFTT, same thing.\nTerra, same thing.\nMississippi Company, same thing.\n\nSo who’s going to buy the bonds? https://image.nostr.build/527756f6de5bc0e4e4eb6b6630969a7d3593e52d712fcb9050cad83a9a00eec7.jpg ",
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