Saturday, March 18, 2023

The Fed Is Broke

Steve Bannon

One of the world’s top bond traders—America’s Central Bank is Broke—He Shifts to Gold.

“The Fed is broke. The Fed's balance sheet is negative $1.1 trillion. There's nothing they can do to fight any problems except for printing money.

They have nothing left. The Fed used to send money to Treasury. Now Treasury sends money to the Fed.

We're at this point in time where we don't have any road left to kick the can on our mismanagement of finances and monetary policy.”
DoubleLine CEO and founder Jeffrey Gundlach

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