This sounds an awful lot like “rehypothecation” to me. So, paper-paper bonds now? FFS!
Discussion
The fiat ponzi is a mountain of derivatives, rehypotecation fuckfest. IOUs all the way down..
Lol that’s exactly what it sounds like. Making bonds backed by nothing out of thin air, and then banks selling even more bonds created out of thin air that aren’t event backed by real bands backed by nothing 🤣🤣🤣
It’s fucking incredible that this system was ever seen as legitimate or sustainable.
It’s a putrefaction of the future and it’s reprehensible.