Someone’s Diary, Updated
Didn’t think the entry would be from the Chairman of the Fed.
Him:
“We have lost control. We cannot stabilize the dollar. We cannot control commodity prices.”
Me:
We lost control. Then the dampening factors in the global system gave out. We were no longer able to absorb systemic shocks. There were no buffers. We saw this pattern replicate itself across food, energy, transportation, and financial networks. Then they came.
-Shlok
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