I'd never heard of Smoot-Hawley until your post. You learn something new everyday!
Fannie and Freddie were on the government balance sheet at one time, so maybe this agreement is a way to put it back on without disrupting the budget on paper.
Gore Vidal predicted the empire would go broke and put an end to U.S. shenanigans abroad. The only way that makes sense is if there's some sort of major default on the part of the treasury.
You add the Fannie and Freddie debt into the mix, that increases the national debt, sure. It's bailing out the Chinese investors, and keeps the show going. Hrm, but the dollar, and what that does? I'm scratching my head here.
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Fannie and Freddie were on the government balance sheet at one time, so maybe this agreement is a way to put it back on without disrupting the budget on paper.
Gore Vidal predicted the empire would go broke and put an end to U.S. shenanigans abroad. The only way that makes sense is if there's some sort of major default on the part of the treasury.
You add the Fannie and Freddie debt into the mix, that increases the national debt, sure. It's bailing out the Chinese investors, and keeps the show going. Hrm, but the dollar, and what that does? I'm scratching my head here.