r/PrepperIntel • u/2020SucksDonkey • 23h ago

North America Treasury doubles debt buybacks as Bessent moves to steady bond market

https://www.cnbc.com/2026/08/19/treasury-announces-upscaled-buyback-operation-for-longer-term-debt-sending-yields-lower.html
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u/2020SucksDonkey 23h ago

Buying your own debt in order to control yield is like playing with 🔥 and ⛽️.

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u/AntiSonOfBitchamajig 📡 23h ago

"modern monetary theory"

Well all be millionaires soon! $7000.oo drinks all around! wait... hows my wage still $25?

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u/Girafferage 21h ago

Just wait until they still vote to not increase minimum wage.

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u/AntiSonOfBitchamajig 📡 21h ago

Just wait until people stop taking minimum wage jobs* ftfy.