>>513135702
Which leads us to the question "why?"
>in mid-2019 a vast chasm appeared in the global investment/Wall Street banks' balance sheets, so vast that they couldn't make their overnight repo payments.
It became so severe that even Elizabeth Warren was on Capitol Hill "wtF is going on here"
Between Sept 2019 and Jan 2020 almost $1T in bailouts was provided to the investment banks to keep their black box casino functional, and to keep an instant credit freeze (total lockup of the system, which same also would have occurred 2008 had not that bailout been greenlighted) from happening
https://www.youtube.com/watch?v=XMkq75L5n_k [Embed]
Then magically in Jan 2020 along came covid + never-before-in-human-history global lockdown: and another $12T in liquidity to keep the investment banks' gigacasino 'fountain of youth' steaming along for themselves