"Yes, this has been the status quo. Yes, It cannot last forever. But the evidence we have seen thus far is that they are going to try. And by virtue of that, it effectively means continuing depreciation of currencies against investment class assets until currencies fail." That is the scenario I've been most concerned about. Because when a currency fails, it historically has meant societal upheaval. Nasty stuff like civil unrest and moral decay of a society. Or in the view of the Austrian economics, the longer the delay of allowing market forces to come back into equilibrium, the more extreme the adjustment. John |