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.


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