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IPFS News Link • Currencies

This Is What A $12 Trillion Dollar Margin Call Looks Like

• https://www.zerohedge.com, by Tyler Durden

No, it's not Volkswagen, or even Tesla.

This is the world's reserve currency soaring to an all-time record high...

...and this is what happens when a global margin call reveals there is a $12 trillion short squeeze.

This is the biggest 7-day gain for the USDollar since Black Wednesday in 1992 when George Soros "broke The Bank of England,"  crashing the pound and forcing Britain to withdraw from the European Exchange Rate Mechanism.

It is also on par with October 1978's surge in the dollar when the Fed clamped down hard on monetary policy - after the signing of the Full Employment and Balanced Growth Act, better known as the Humphrey-Hawkins Act, mandating The Fed to crack down on inflation (which Volcker then did by drastically raising rates) - sending the stock market into the infamous "October massacre."


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