Matolcsy: Coming soon…

English2021. márc. 10.GOVERNOR MATOLCSY100WORDS

According to John Dizard, market freezes have a way of happening in March and September, an echo of the crop cycle. /FT, 20 February 2021/

Almost right, but not 100%. Let us include August because the majority of financial crises in the last 100 years emerged either in August or September.

All the concerted efforts of the major players in the U.S. need more time to come up with a carefully crafted plan to create a new framework for global finances. They need a huge and constant flow of fresh dollar waves, higher but controlled inflation, new CB’s digital currencies partly based on gold and a continuous depreciation of the dollar.

There is no chance for a new Plaza Accord and a rerun of 1971 is also risky, so another plan might be on the way.

Maybe in August or September, not in March.

Governor Matolcsy, MNB, the Central Bank of Hungary 

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