Could Bitcoin Replace the Dollar?
People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, [...]
The Truth Behind the Repo Crisis
COMMENT #1: Hi, Marty if you can, let the readers know if the “mother of all financial crisis” is the big bang.
You talk al lot about the REPO crisis and some might wonder if these are two separate events.
N
COMMENT #2: Wow. I am left speechless. I think your title Repo Crisis is misleading. This is just the staging ground. It takes someone in the international arena to understand the implications of this going forward.
Thanks for making this an updating service.
Bill
REPLY: Perhaps I should have named this report “The Mother of all Financial Crises.” The Repo Crisis is just part II in the lead-up to Big Bang that nobody seems to grasp is already unfolding. This is the Sovereign Debt Crisis on steroids. Whatever they could have done wrong, they have done with absolute precision. The projected losses for institutions I have laid out will range from 40% to 60% of assets. This time, whoever is caught holding will not be bailed out this time around. This is the combination of the 1998 Liquidity Crisis and the 2007-2009 Financial Crisis. So hang on to whatever you can grab ahold of. You will need it for this one.
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