The FED printed trillions in 2020 and 2021.
Did the value of all those printed dollars appear from thin air?????
No it did not.
It was stolen from the bond holders.
They didn’t realise this in 2020.
They started to realize this in 2021.
But only in 2022 do they fully realise this.
If inflation is a tax on money.
Then printing is a tax on bonds.
Realised in the form of “Capital loss plus inflation”
I’m surprised bond funds still exist.
I’m surprised anyone other than the FED owns any bonds.
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