> How much do you want to bet that [Federal Reserve Total Assets] goes under, say, $1T by 2030?
In your universe, the aggregate debt comes due, markets tank, and rich people take the L like grown ups.
In my universe, the aggregate debt comes due, markets tank, rich people persuade politicians to pull the lever again, they do, the fed goes and buys their assets, markets go back up, and the fed balance sheet increases. The fed's long-term increasing balance sheet represents a long-term net cash flow right into rich peoples' pockets.
Again, if you are confident in your view of the universe, I'm asking you to put your money where your mouth is.
