BitMEX Blog

November 10, 2023

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.

The source of this news is from BitMEX