Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the F…

The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders with more than $250 trillion in global debt, the government’s monetary system looks more like a crumbling Ponzi scheme every day. Charles Ponzi would be proud of the world’s fiat system, as today’s monetary framework requires an endless supply of victims to sustain confidence in currencies backed by nothing.

Also read: US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

Central Banks Pump Trillions Into the Hands of Financial Institutions Trying to Establish Confidence in the Fiat Ponzi Scheme

The coronavirus scare has created havoc across global markets and in response, central banks worldwide have injected trillions into the hands of private banks and…