I am giving a lot of thought to the issue of European war bonds, I think it is much more important than many people think. First of all, in a war, you don't go around telling the adversary that you are not prepared, which is precisely what European leaders are doing to justify war bonds. So what they are really doing is shaping public opinion to accept these war bonds. Second, I have talked before about the system needing a new form of liquidity injection and from the BTFP they have reinvented it and are using new methods. The main buyer of war bonds will be who? US. This will mean that the US will print to buy the war bonds and Europe will get the money. But this money will mostly go back to the U.S. because who will Europe buy weapons from? To US companies. Fuck it's a perfect play. The US will receive its own liquidity and will be justified in printing money to buy war bonds from its European whore who will pay it interest on top of that. Europe will be left in debt to the hilt, with galloping inflation and saving the Yankee economy from a recession. The biggest scam since COVID. View quoted note →