This last 16months has been a rehearsal. They had to practice for the lockdowns that could be coming not because of covid19.
This Basel 111 could also have some real ramifications that we are not aware of.
One thing is for sure , we are entering uncharted waters in many ways.
No matter how i look at it. Central banks are stovking up on gold. The smart ones anyway.
ps as a sidenote, i read that units that are part of a body cooperate will have to introduce a system whereby visitors will have to QR code when they come to visit friends and family. I nearly fell off my seat.
Are people going to put up with that??
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