Now that the Fed has opened the pandora’s box of moral hazard by purchasing select junk bonds, every other central bank would like a piece of the action. And sure enough, as Bloomberg reports, on Wednesday evening the ECB will hold a call where they may discuss whether to accept junk-rated debt as collateral from lenders.
Current industrial Wiifi systems, Wigig systems, and 5g systems are being upgraded, tested and calibrated right now to broadcast on the 60 GHz frequency. This is taking place right now in the schools, universities, hotels, cruise ships, airplanes, buses, trains stadiums, theme parks and all the rest of the infrastructure that is locked down.
The growing finacial crisis and the potential outcomes of the current situation, which includes a major step towards a cashless society and global governance, as the current crisis seems to be playing right into the hands of the central bankers and the United Nations.