Global central bank balance sheets have ballooned, the Bank of Japan is printing money and buying their own stocks and bonds etc. And so I think we’re going to see another version of the banking crisis where we’re now looking at the larger banks, reverse repo rates are going to potentially require fed intervention. And I think the larger story is, it’s the central bank, monetary narrative meets the biophysical ecological narrative. And as oil peaks and declines as climate change, requires a lot more spending and, and things to mitigate. We can’t just cut rates because the economy’s low and then there’s more inflation, I think the Fed is is and other central banks are about to have big problems.

Eric Lee

Read full article by Eric Lee in Medium.com

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