https://www.marketwatch.com/story/f...with-foreign-central-banks-2020-03-31-8913242
We are now printing cash to buy back foreign held t-bills so other countries can have more liquidity. This makes us the defacto central bank for the entire world. The world's derivative market is somewhere in the range of 1.4 quadrillion dollars and we are going to take all of that on.
We are now printing cash to buy back foreign held t-bills so other countries can have more liquidity. This makes us the defacto central bank for the entire world. The world's derivative market is somewhere in the range of 1.4 quadrillion dollars and we are going to take all of that on.
