We do not know what tectonic shifts are occurring under the surface in the financial system as a consequence of central banks monetary squeezes. Certainly, the tenth plunge of housing sales in the U.S. in a row is an indication of the bursting bubble, of the crisis of collateral and margin calls. Financial analyst Mauro Bottarelli from Italy has a good image: “If under conditions of still decidedly ample liquidity, a quarter of a point can generate exacerbating margin calls for more than 5,000 funds overnight” he wrote in ilsussidiario.net, referring to the British bond crisis of 2022, “then an iceberg at least three times as large as that of 2008 is moving under the surface of the water. Apparently, in short, this is the year-end picture. War is needed. So much so that both Ukraine and the U.S. are pushing to extend its duration. With the associated risks.” “Covid In China” is also used to justify a state of emergency, he added.