Posted by ks55 > 2020-04-27 11:07 | Report Abuse

Salient points from this writeup:

1. Eurozone economies may shrink 15% in 2020
2. 3 Central Banks i.e. FED, BoJ and ECB going to set rules and regulations for world financial order. Ignoring other economies and their voices.
3. No participation of world second largest economy will not bring fruitful expected outcome.
4. FED balance sheet stood at US$6.57 trillion. It may as well go up to US$ 10 trillion when Central Banks of other nation start selling US T-Bills and Bonds. FED need to print more money to buy those unwanted T-Bills and Bonds.
5. US$ very soon will become Banana Currency. And Gold will be US$ 1 million per kg. US dollar collapses and WW III begins.
6. US-China economy will decoupling sooner than expected. May be soon after Covid-19 pandemic, China will say we are not selling these and these to US companies, and we are not accepting US$ as payment. All quotation with third country will be RMB.