I have three theories,
1) Saudis done it with increase oil production which is breaking the petrodollar system
2) Jay is into yield curve control and hiding the process.
3) FX insurance is cheaper because the other fiat currencies are weak.
A bit of time will sort it out, not me. I lack the info to figure this out and do not want a big research project.
Chart, total government interest rate:
It has been stepping down in slow steps coherent with each new regime in the Swamp. But one has to add a half point, the siegniorage taxes collected by the Fed.
This is information about to be learned/ Was Truman correct when he said the natural government rate is 2%?
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