The Fed has issued a $1.5trillion line of credit and have said that they will effectively issue unlimited credit to keep the System alive.
By rolling over toxic debts and move them onto their Balance Sheet has been done time and time again.
However, this time there is an aggressive move to attempt to slow the Economy right down.
The last time this was done was back in the late 1920's.
The only difference this time is that we are about to embark on a new System built around #Blockchain and Distributed Ledger Technology.
A big difference and one that has no room for toxic debt.
Stephen
RE: A reset of the Global Financial System could only be achieved if the Economy was slowed right down.!!