Why We Live in an Emperor Has No Clothes Tale It's unreal . The Federal Reserve and Bank of Canada have to keep the printing press going 24/7 spewing trillions upon trillions to keep the illusion of normalcy alive . 20 trillion !?100% of new debt monetized as if 1% would be even close to the clearing rate with this eroding tax base ! What would a bank charge for that credit profile ??
the Ponzi will fail - its only a question of when ? How much bigger is it allowed to expand ? This expansion now risks doing even greater harm than if we just force our banking to confront no QE reality and actually live with no deficits or - have those deficits price at the proper market rate . It cannot continue indefinitely. The implosion is coming so might as well deal with it head on !!