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Our make believe market is here to stay

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Axios/Dion Rabouin

Cartoon by Ed Stein of dollars flowing in an hour glass and investor caught in flow saying 'keep printing'“The Federal Reserve and global central banks are remaking the world’s economy in an effort to save it, but have created something of a monster. The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.”

USAGOLD note: To a large extent – and there may not have been a choice – the United States (and the world) is trapped in an unpleasant dilemma ……


Repost from 12-16-2020

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