Here is a rather revealing commentary from Matthias Chang, in which he highlights again the still ongoing insolvency of our banking system. As a result, he argues that the central banks, especially the Fed, have but one aim- to create ‘massive asset inflation’. So, far they have been mostly unsuccessful in their efforts, but they are still trying. And, remember that, as I always remind you, the Fed is NOT interested in you or your welfare, but is only interested in protecting its owners, the largest commercial banks.
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The events unraveling post Bernanke’s decision not to taper QE is most significant because it confirms our analysis that the banking crisis has not been resolved in any significant way after five years of money printing and massive asset inflation.
The fiat money system has but one outcome – total collapse.
It will also mean the demise of the global US dollar reserve currency.
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