from Zero Hedge
Two weeks ago, when looking at the latest CBO forecast which predicted that the cumulative US deficits would hit $13.1 trillion by 2030, we highlighted perhaps the most troubling chart in all of finance right now, namely the CBO’s long-term forecast for US debt, which can be described in one word: exponential.
Commenting on this chart rather laconically, we said that “in other words, the MMT that will be launched after the next financial crisis, and which will see the Fed directly monetize US debt issuance from the Treasury until the dollar finally loses its reserve currency status, is now factored in.”