One could make a case that everything is just a “liquidity problem”.
“So back to the original question WHAT NEEDS TO BE DONE. Simple? Recognize the problem. It is not oil, it is not in the banks..it is a run on central bank liquidity, especially dollar based and there needs to be much more ($) liquidity…. Cash shd be charged interest — put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving.“