“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
We'll give you two guesses where the Fed is taking that debt, and on behalf of whom they are taking it.
Hint: Do not ask for whom the bell tolls....
Special Fed lending facility in place; non-recourse facility to manage up to $30B of illiquid assets, largely mortgage-related
