@marketreport We all heard a lot about how the major banks got the huge bail-out from TARP. And, then they just stashed all of that cash for themselves and it didn't help main street. Is this, perhaps, what they were all planning on saving it for to being with? To help the Central Banks "liquidate their balance sheet?" IDK enough about big banking to really make an informed comment here - I'm just an unusually "intuitive" thinker and, I'm trying to figure out what's going on here. The big thing that seems "different" in this current market is how much FIAT currency is actually out there, after all of this "quantitative easing." So... maybe THIS is how the wealth transfer is playing out. Whatever the case, getting your money into hard assets would seem beyond wise at this point in time.
You are viewing a single comment's thread from:
The whole situation is complex. I believe they are setting the stage for the IMF to use their SDRs (Special Drawing Rights) to replace the dollar as the worlds reserve currency. The SDRs are backed by a basket of currencies. Could this be the end of the King Dollar? If the U.S. strengthens the dollar as Trump is trying to do by shoring up our potential economic and dollar demise, then maybe the dollar will not be replaced by the SDRs. Who knows???