“…the entire game is now about liquidity in global financial markets. …central bank largesse has created a monstrosity that knows nothing other than fiscal and monetary support during times of even the slightest distress.”

https://bitcoinmagazine.com/markets/bank-term-funding-program-primer-on-the-feds-new-tool?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share

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