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The Bond Market Strikes Back at the Fed

"Don't fight Fed." We did, and we won.
Nothing is true forever, including this universe.
Fed has no more card, it is sad. It is sad for anyone who spend to much and has no reserve anymore. I don't count printing machine as reserve. Think, Fed Reserve Bank has no reserve but debt, and a printing machine.
In 1949, the Chinese inflation rate was few hundred percent DAILY, and soon the paper money was rejected by everyone.
The printing machine could not solve the problem. Only one thing could solve our problem is putting everyone back to work. There is no work? Don't believe it, why don't we grow our own tomatos, and making our own shoes?