could the US government be looking to have Big Bank and government friendly entities (ie BlackRock) control a new industry in a way to bolster the US financial system?
I have a similar view. I think the realization of needing a "pure asset" on the balance-sheet is their only way out from a paper accounting level.
As it stands now, every single asset they add (except gold and some equities) is just another debt instrument.
Having a "pure asset" that could inflated forever is the only way to balance the books ultimately....
I have a similar view. I think the realization of needing a "pure asset" on the balance-sheet is their only way out from a paper accounting level.
As it stands now, every single asset they add (except gold and some equities) is just another debt instrument.
Having a "pure asset" that could inflated forever is the only way to balance the books ultimately....