2min chapter

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This Is Zoltan Pozsar's Vision For Bretton Woods III

Odd Lots

CHAPTER

The High Seas Have to Be Policed

Banking doesn't work unless there is a central bank rit because nobody can take their money out of a bank all at the same time, you need someone who's going to do the protection if that happens. Similarly, when you move all this foreign cargo from the developing world to the developed world on ships, which are like balance sheets, and are like kind of banks inn bank balance sheets in the real world,. equivalents of the nominal world of money. And that's also thing that the state needs to be involved in because, you know, the high seas have to be policed. I mean, it's, it's basic stuff. You know what the navy is to shipping lanes

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