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Look at how the pentagon is funded. Trillions get poured in with zero accountability, dark projects that never get disclosed at all, and audits that never pass.

When it comes to military level stuff, it seems to exist outside of normal financial logic. They just invent money for it.

Here's the thing about debt, though: If your debt is denominated in your own sovereign currency, you can just print more when you run out of money.

Which doesn't get you more wealth. It just makes the currency worth less.

That mostly only applies to other countries. Global US dollar demand absorbs a large amount of the extra whenever the US decides to print more. US is the only country in the world that can export inflation.

Yes, but that can be a good thing, from your perspective, if you owe a lot of money.

Seemed fine with adding that much during Covid

Just have to suck it up. Otherwise they won’t see that 40t.

... Nothing happens? They're not correlated at all. We've added 35T since 2000 and yield were all over and we're at the same spot as then