Money Market Funds Are Overexposed To European Banks

The New York Times, in article Suddelnly over there, is over here, communicates that money market funds are overexposed to European Banks.

When the global economic collapse comes, moneyness, that is seigniorage, will not be a function of the market, but of governments: governments will provide seigniorage, and the people will be amazed and follow after it, bible prophecy of Revelation 13:3 reveals. 

Does this mean that a global fed will soon emerge? Well, not soon, but eventually, as it can be inferred from the remarks of Timothy Geither who called for unified regulation of banking globally, as reported by FT writers James Politi and Gillian Tett.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: