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.
Remember China’s “SWIFT clone” known as CIPS in Mar 25, 2016 … SWIFT and CIPS signed the memorandum of understanding on cross-border interbank payment system cooperation.
Today a friend asked me:
“Who do you follow for economic info that is TRUSTWORTHY??”
I think the question is very important, therefor I decided to reply with this post…
According to the Federal Reserve Bank of Minneapolis:
“Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve.”
A blockchain is usually described as a distributed ledger: a database of records shared by all clients with access.
The blockchain is more than what the paper bank ledger once was, the blockchain is a global supercomputer.
The Global systemically important financial institutions (G-SIFI or SIFI) are protected by the new rules and this is the most recent demonstration of the protection racket!
Spain has other banks in trouble, many are putting Liberbank Banco on their watch list.
Liberbank shares fell 20% amid Popular turmoil…
The point is, you can detect the trend, and you have a need to know the truth.
You have choices, you can take your money out of the banks, you can transform national currency into land and other tangible assets.
Everything About This Is Strange
Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.
…Read on, and you will see a disturbing pattern.