US Debt Buyback Programme: What Doubling Money Printing Means

The US Treasury's decision to double its debt buyback programme and run it through to early November is the focus of this episode. Felix Nikolas Prehn, a former investment banker, traces how the government is creating new money to purchase its own long-dated bonds at the same time as Japan, historically the most loyal foreign holder of American debt, sold roughly 88 billion dollars of US bonds in a single month. He sets out how real world inflation since 2020 has, in his view, exceeded 100 pe...