Overnight Repo: Boring. And Scary
There are serious problems in the plumbing of the US financial system.
You may have noticed the phrase 'overnight repo' in the news lately. The term is increasingly being is discussion of problems in deep in the financial system's plumbing, but few are paying attention.
This is a serious threat to the US dollar-centric financial system.
The Problem
The United States has the biggest, most expensive government in the world. And…
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