2min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

When Things Get Serious, You Have to Know How to Lies

The Fed put out a statement saying assets are fine, the banking system is sound and secure. The bank can't coordinated central bank action to enhance the provision of US dollar liquidity. This is basically emergency swap lines. When there is international crisis, everyone buys dollars. They don't dump dollars because there's nothing else to buy.

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