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IPFS News Link • Central Banks/Banking

European Bank Failures: When Do They Go Globally Systemic, and Who Decides?

• https://www.newsbud.com, Pye Ian

Yet the means deployed to quell and contain it by the world's central and private banks, as well as their corresponding governments and other regulatory bodies, ultimately served to kick fiscal and monetary cans down the road.  Various central bank balance sheets ballooned to unprecedented debt levels, foremost being the books of the US Federal Reserve, which saw its balance sheet climb from $869 billion to over $4.5 trillion in a decade of both treating, and preventing a reprise of, said crisis.

Yet, the problems that led to the first crisis are still latent – and threaten at clearly larger scales – within the world economy.  So, when and how would the 'second leg', as it were, of this extended global deflationary cycle commence?  What event(s) would trigger it, and could said event(s) be prudently forecast, let alone prevented?


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