MikeCristo8
@MikeCristo8
The Fed is aiming for bonds to sell off and move into gold.
What many don’t realize is the real rate on bonds is going to be 6%, maybe higher.
This is significant because U.S. Treasury is in a debt trap.
And Powell cut rates.
Sounds like a market crash to me.
The Fed lowered interest rates to force the banks into Basel III by Oct 1.
Now you know why the government is shutting down Oct 1.
After Oct 1 the U.S. treasury bond is no longer the collateral under Basel III.
