Friday, August 28, 2020

Swift can win on currency controls

 The Fed sets enforceable limits. And the Fed has the tax dollar monopoly.  So, at very low risk, the New Fed can simply set the standard for biometric mini-Swift node.  In fact, they need only say it, emphasizing Swift control of limits.

It will be done, I looked through the tech markets, it is all here. But those limits are meaningless when transaction costs allow prices as low as a penny.  There is a huge market there because of the inherent ability to manage Internet traffic control with pricing. The Fed can mark that off against the Treasury inflation. But better management of the internet via pricing is an easy 3% gain in that sector, likely a 1% over all.  Just one component of the gains, and that Treasury devaluation is not scary.  This is a huge market all for the Fed and its banks, first access to the market. The shadow bankerswill be dragged right in.

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