The Fed‘s Plan for US Government Default

Everyone thinks it is a certainty that congress figures out a solution to the debt ceiling issue before emergency funds run out in October. Everyone, it seems, but the Fed. In fact, the Fed has a plan to deal with the fallout should the US Government start to default on its obligations. And this plan takes the Federal Reserve well outside of its legal boundaries. Support the show on Patreon: https://www.patreon.com/heresyfinancial