A tale of Facebook’s Libra, missing gold and a U.S. government default

Myles Milston
Jun 24 · 10 min read

One gold rate to rule them all

A tech giant with 2.1 billion users launches a global currency

But what does that mean for the U.S. dollar?

Who keeps buying all those Treasuries?

Could Facebook’s Libra result in reduced demand for Treasuries?

Could that lead to a U.S. government default?

The Tipping Point

A new global equilibrium

Globacap

Automated capital markets platform. Digital security arranging, issuance, administration, and custody. Regulated by the Financial Conduct Authority (FCA).

Myles Milston

Written by

Founder & CEO of Globacap, an automated capital markets platform. Digital security arranging, issuance, administration, and custody. Regulated by the FCA.

Globacap

Globacap

Automated capital markets platform. Digital security arranging, issuance, administration, and custody. Regulated by the Financial Conduct Authority (FCA).