FY 2025 deficit hits $1.1 trillion in 7 months, on track for $2 trillion; Fed purchases $43.6 billion in bonds in 4 days
Issuing debt that the Fed then buys with created out of thin air funny money is so Zimbabwe 2.0. The fed is already sitting on over $1.5 trillion in bonds. https://fred.stlouisfed.org/series/TREAS10Y The train is out of control… The first 7 months of FY 2025 produced a deficit of $1.1 Trillion. That’s $196 Billion more than …