BitMEX Blog

Bad Gurl Yellen, if she so pleases, can unilaterally remove individuals, companies, and/or whole countries from the dollar global financial system. From a financial standpoint, she is responsible for the rules and regulations that govern how the filthy fiat financial system operates. This presents a deadly problem to the financial system called the “bear steepener”. At the same time, Yellen indicated that the US Treasury will increase the amount of short-dated bills issued, which is what money market funds (MMF) desire. This would destroy any benefit experienced by the financial system due to the Fed’s pause.