we all know about this
right? now consider the magnitude of 6 central banks "coordinates" exact same thing. maybe Balaji's take is not just hopium (it is but you get the point)
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Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm
they gave a list of banks which fail but is it in order? 🤔
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