The absence of branches is telling, creepy, like a canary in a coal mine. The sudden bank run, behind our backs.
It is not much of a realignment , though. This time it should be a minor adjustment; that point where the Supremes take a closer look at those three pillars. The circumstantial evidence is rather strong, taken from wealth disparity or from that Fed tax rate, there is going to be a meeting.
This is a low bar, folks, this is a slight, tiny Nixon, but we know it may be more frequent. It is the Law around here, I really think the judges will say. They will indeed be concerned about that power to tax. And they will select the contradiction between coinage and debt sanctity.
I say no big deal. The numbers will be no worse than previous norm, but more granular, since we get liquidity around that trinity.
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