I have never seen it in print, but Iknow it's true. All debt must be repaid, repudiated, or refinanced. You and Michael Burry and Jamie Dimon and the Vampire squid and I all know this. But Ithink the thought is getting around. Repaying is impossible, refinancing is stopping, so that leaves repudiation. What a mess.
I think the next big change will introduce the CDC too. Because the problem will be global, it will also tend to pull CBD seeds together in global cooperation. Maybe a single unit or a very integrated conglomeration.
I made my last comment from my phone where auto text mutilates every message; so, of course, that was supposed to be "CBDCs" and not "CBD seeds." The latter almost sounds like some kind of cannabis growing operation.
As for the BIS, I believe they are working in cooperation with the World Bank, International Monetary Fund and ECB to create a global platform. I wrote about the role of those organizations in developing a global platform in a recent "Deeper Dive."
I have never seen it in print, but Iknow it's true. All debt must be repaid, repudiated, or refinanced. You and Michael Burry and Jamie Dimon and the Vampire squid and I all know this. But Ithink the thought is getting around. Repaying is impossible, refinancing is stopping, so that leaves repudiation. What a mess.
How do you think that will play out?
I think the next big change will introduce the CDC too. Because the problem will be global, it will also tend to pull CBD seeds together in global cooperation. Maybe a single unit or a very integrated conglomeration.
I made my last comment from my phone where auto text mutilates every message; so, of course, that was supposed to be "CBDCs" and not "CBD seeds." The latter almost sounds like some kind of cannabis growing operation.
As for the BIS, I believe they are working in cooperation with the World Bank, International Monetary Fund and ECB to create a global platform. I wrote about the role of those organizations in developing a global platform in a recent "Deeper Dive."