J.P. Morgan’s top quant, Marko Kolanovic, predicts a “Great Liquidity Crisis” will hit financial markets, marked by flash crashes in stock prices and social unrest.
It’s not ‘The Art of the Deal’, it’s the science of bankruptcy.
I consider the possibility that policies were designed to squeeze national currencies out of the communities and thus granting the institutions more control of the national currency with capital controls and financial repression.
His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
Is this (flip-flop) the IMF’s signal for escalating the Trade/Currency wars?
“One of the discussions that the members of the IMF — i.e., the 188 member countries — are going to have to decide on is whether or not to enlarge that basket to eventually add the yuan as well, and that discussion will take place in November,” the spokesman confirmed.
The SDR currencies together act as the international currency reserve. The value of the international reserve is currently set by the US dollar, Japanese yen, the British pound, and the euro.