Saturday
I’ve just been reading how central banks, already huge stock owners, will inject another US$3.5 trillion into stock-markets this year. The thrust of the article was that it would be a major problem if they ever sold those stocks.
That is obviously true, which is why they won’t sell them.
Economic collapse will not come from a deliberate collapse of the stock markets by central banks; it will come when there are no more buyers of sovereign bonds.
Then straight-out printing will take place. That will signal the beginning of the end; the time when all pretence has been abandoned.
Then, finally, we will have the massive price rises that the Gold-bugs have so eagerly promised for so long – and been wrong about for the same amount of time.
Then, also, will the currencies collapse to their real value, and we all know what that is – even the Gold-bugs.