re: Fed hides weekly M1 supply, says "money doesn't matter"

quote:

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Luckily the entire global banking system relies on our Treasuries.

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I agree with your entire post - but I’m not so sure that this sentence or the sentiment that the petrodollar guaranteed USD supremacy are going to be valid sentiments for another decade.

opinions may vary, but I disagree with Powell that there are no consequences for debasing your currency. It starts with artificially propping up the stock market and concentrating wealth, but I think it ends with people opting out of your bonds and ultimately your currency if you push hard enough and let the positive feedback loop go forever.

Just my opinion. Engineer by trade, with only a passing interest in the financial sector so I’m sure my analysis will have flaws.