As I understand it, the world financial system was hours away from collapsing in 1987 and 2008. At some point, they won't be able fix it. Is this that time? It feels like it but I've been wrong (or early) so many times.
It’s tough to solidify exactly what’s going happen in the short term with U.S. markets, especially with things changing by the hour. But there are two things that I think are worth solidifying about the conundrum markets and the Federal Reserve find themselves in now.
The first is that this crisis isn’t going away anytime soon - it may shape-shift, but it’s not going away. The second is that the outcome of this crisis is going to be unlike anything that’s ever occurred in history.
Putting aside that this crisis will almost certainly be used to usher in a Central Bank digital currency, one could mistakenly believe that money printing will once again get everything “under control”.
But instead of that being the case this time, what if the BRICS nations use this crisis as an opportunity to challenge the Western Central Banking empire? All I’ve been writing about for the last year and a half is how central banks in places like Russia and China have been stockpiling gold.
As I understand it, the world financial system was hours away from collapsing in 1987 and 2008. At some point, they won't be able fix it. Is this that time? It feels like it but I've been wrong (or early) so many times.
🍿🍿🍿
It’s tough to solidify exactly what’s going happen in the short term with U.S. markets, especially with things changing by the hour. But there are two things that I think are worth solidifying about the conundrum markets and the Federal Reserve find themselves in now.
The first is that this crisis isn’t going away anytime soon - it may shape-shift, but it’s not going away. The second is that the outcome of this crisis is going to be unlike anything that’s ever occurred in history.
Putting aside that this crisis will almost certainly be used to usher in a Central Bank digital currency, one could mistakenly believe that money printing will once again get everything “under control”.
But instead of that being the case this time, what if the BRICS nations use this crisis as an opportunity to challenge the Western Central Banking empire? All I’ve been writing about for the last year and a half is how central banks in places like Russia and China have been stockpiling gold.
More at the link.