If you look at the chart of global central bank liquidity over the past few decades, it becomes immediately clear that each wave of crises has been followed by a much larger one. Considering that the previous crisis four years ago resulted in an injection of over USD 10 trillion worldwide, the next one is likely to require well over USD 25 trillion in liquidity to keep an inherently unstable banking and credit system afloat. No one has factored that into prices yet! #fiat
Source: @financelot on 'X'