Regardless, if you come across an irresistible young Asian woman online who wants to talk about bitcoin, you would be wise to end the conversation then and there.
It is possible that the swaps provide a mechanism for bullion banks to return gold originally lent to them by central banks to cover bullion bank shortfalls of gold.
We are probably getting to that point where unemployment will turn upward, but there will be a lot of damage set in place by the Fed to play out in the months thereafter.
What are the preconditions necessary for a FedCoin and why are they coming to the fore now? What will happen to banks and could the Fed be the lender of first and only resort?
