Posteo

BREAKING: 🇺🇸 A US Treasury official says the government could use its General Account at the Fed to fund bond buybacks. The Treasury currently holds around $935 billion in that account. Unlike the original plan, this would not require issuing new debt to fund the purchases. Drawing it down to buy bonds would inject cash directly into the financial system. That is effectively money printing, not just a rearrangement of existing debt. Historically that has been bullish for assets like crypto $ gold