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by solotronics 2274 days ago
It's happening at some layers above where personal finances occur. There is a massive demand for digital USD (bank liquidity) around the world, this is coming from a few directions such as domestic and international companies taking out new loans and calling in terms of existing loans to keep afloat without having income right now. International banks needing more USD to meet increased demand. It's like a perfect storm of massive hidden types of debt and leverage all came crashing down at once, there are 10x the amount of the stock market in derivatives such as futures and options so when these bets went bad it is causing the ultimate dollar black hole to occur worldwide at the same time.
1 comments

Thanks, the international side and "flight to safety" hadn't occurred ti me (and I am an international!). That makes more sense.