I thought I'd ask the board members ifI can get my thoughts on monetary policy and inflation busting down south...I'm a retired CFA and I feel U.S. policies are the key to strengthening our positions in uranium... Powell and the FED have their hands full...The treasuries auctions have a job to do...Selling U.S. debt to the world...But, the world has to be reciprical ...The budget now for Federal Reserve in the U.S. is 9 Trillion***9 TRILLION, thats what the money printing has done... I have never seen a number that large i
in my lifetiome and I.'m 69 yrs,young (estimates in Western Europe is about half 4.65 Trillion in debt.) They followed suit with the U.S. and Europe is in recession, now scrambling to sell their own debt...counrty by country...Biden is meeting with Xi as I write this and China has the LEVERAGE over the U.S with the picking up of the U.S debt.next 18 months (Chinese usually participate to 40% when the T-bills obligations go up for auction) The FED has about 18 months to clear the 9 Trillion and many including me, think they just can't do it...The relationship now with China is TERRIBLE...Will they play ball with the U.S. Federal Reserve? I know this will be brought up to Biden today,STRONGLY...They could also put the squeeze on Western Europe also...There are many dynamics at play today besides the war in Ukraine, but, this scenerio will effect us directly in Canadian markets. MDB