Banks will go away from the complex web of derivatives linking them, creating a scenario where the failure of one can cascade through the system, toppling others in a domino effect.
+1 concise! Then if there is no immediate replacement system (I think Trump and White Hats are completely ready) cryptocurrencies could be used, but I don’t think they are make instant millionaires.
It could be regarding cryptocurrencies but I have my doubts. Historically, gold is the one to step into these types of transition points, but that usually proceeds hyperinflation, which will happen if the Central Banks will continue to bail out the banks in order to maintain their asset prices no matter the cost.
Banks will go away from the complex web of derivatives linking them, creating a scenario where the failure of one can cascade through the system, toppling others in a domino effect.
+1 concise! Then if there is no immediate replacement system (I think Trump and White Hats are completely ready) cryptocurrencies could be used, but I don’t think they are make instant millionaires.
It could be regarding cryptocurrencies but I have my doubts. Historically, gold is the one to step into these types of transition points, but that usually proceeds hyperinflation, which will happen if the Central Banks will continue to bail out the banks in order to maintain their asset prices no matter the cost.