|
SE ND |
http://mineweb.com/mineweb/action/media/downloadFile?media_fileid=2...
Be aware that it is a long article. Even though I am only a third of the way through, it seems to be well worth the read.
Pages 5-8 really caught my attention.
"Unlike earlier cycles, we are in a world of UNLIMITED CREDIT CREATION. Central
banks will not permit a debt deflation under any circumstances – which would
likely bring on systemic failure at this point in any case. Keeping the bubble inflated is
still taking trillion dollar deficits, but has recently been supplemented by open-ended
money printing (QE), not just in the US, but by other central banks in the developed
world. Apart from brief pauses, this process will continue.
This is creating the ultimate financial bubble, in MONEY itself, as every time
deflationary forces re-assert themselves, the offsetting inflationary forces (monetarystimulus)
have to be more aggressive. This is not sustainable and is incubating a
coming wave of inflation, which will eventually explode in currency crises."
| |
|
Very Interesting read on the "money bubble"
