10Mar/22Off
Credit Suisse Strategist Says We’re Witnessing Birth of a New World Monetary Order
... Pozsar marks the end of the current monetary regime as the day the G7 nations seized Russia's foreign exchange reserves following the latter's invasion of Ukraine. What had previously been thought of as risk-free became risk-free no more as non-existent credit risk was instantly substituted for very real confiscation risk. ...
Pozsar concluded his note with a comment about bitcoin (BTC). He expects it to benefit, but only "if it still exists."
See the full story here: https://www.coindesk.com/policy/2022/03/08/credit-suisse-strategist-says-were-witnessing-birth-of-a-new-world-monetary-order/?fbclid=IwAR3NF2mO6faSP3lyPekeNiIsMOaAUYMXnAxqSupMUN8YoN3cdargD5cdz3U
