Great point, but with all the synthetic collateral in the system (and "mark to magic" accounting)

liquidity is often a con game. Also note:

https://daneke.medium.com/the-liquidation-of-america-shameless-mainstream-economists-continue-to-reward-themselves-for-their-af4188890347 Also note: https://www.nakedcapitalism.com/2023/05/the-extraordinary-generosity-of-central-banks-towards-banks-some-reflexions-on-its-origin.html?utm_source=pocket_saves