The mechanics are just for show they're still monetising debt through the Fed balance sheet, one is just more direct.
The way I see it the only winning move for the USG, is to revalue their Gold asset, issue the difference in debt & buy bitcoin. This requires a cooperative fed & treasury & is balance sheet neutral for the USG.
Are they going to make the winning move? Very unlikely but that's a show that I want front row seats to.
