- ITM Trading
Links to slides and sources: https://www.itmtrading.com/blog/will-…
In 2008, the fiat financial markets were ultimately made visible because of a lack of liquidity in the interbank funding markets, causing the Reserve Primary money market fund to drop below $1 per share and freeze redemption, which then caused a run on money market funds and forced the government to step in with guarantees to calm public fears. Then they quietly changed the rules as the public began to think everything was back to normal. Can the current system hold through the upcoming election? Who knows, but I’ll tell you this, you’d better be ready now because it is possible that the Fed has lost control of short term interest rates and desperate bankers do desperate things.