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It's what Rafi Farber has been saying for about two years now. The End Game will be focused on the repo market, where banks trade each other trillions of dollars every night for wholesale funding. With the Fed continuing quantitative tightening, eventually, there will not be enough dollars to grease the repo market, and we will hit another repocalypse. Bloomberg finally sees it coming, even using the term "end game" to describe it.

In this week's silver report, Rafi goes into this and other topics including the percentage of dollars backed by deferred assets (Fed losses) and when, theoretically, every dollar in existence will be backed by what the Fed owes the Treasury.

Video Length: 00:14:47

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