Watching Gold and Blockchain as the Empires Rise and Fall
Carstens says models aren’t perfect. He says they’re “just a source of information”. “At the end of the day, monetary policymakers use their common sense and intuition.” No kidding. Carstens said that. Common sense and intuition. They don’t use data because their data and models are flawed.
Here it comes. Mechanical to digital. Like a lightbulb. Flipping the switch.
High inflation, lower growth and lots of geopolitical tension caused banks to fail last month. Those things are all still here. The whole banking system could crash if you ALL don’t do everything in our guidelines. It’s not our fault. - Basel Committee (paraphrased)
The question we’re all mulling over is the one of sovereignty - the ability to make decisions that impact our options and success. So what does a world without economic borders look like? Elaine~
Elaine Diane Taylor 