yes, I believe that’s what we’re seeing. Why would anyone pay to keep their money in a bank? Not only that, a bank in a country that has instituted bail ins?
Whether the Chinese are out of the cabal loop is up for debate. I’d like to think they and the Russians are truly independent, but that remains to be seen. Everyone seems to love their ability to print fiat.
Big money is exiting big time. Mom and pop will end up losing everything because of the bail ins. JMHO.
Now, dammit pass that bong!