the latest from Jim Willie...............From Silver Doctors
''This is a global monetary war as last hurrah for the longest running
fiat paper currency regime in modern history, which has run from 1971.
The current dying regime has been held up by pressure to maintain
USDollar support and not diversify away from it. It has been held up by
amplified usage of derivative support in the form of Interest Rate Swap
contracts, thereby keeping USTBond yields ultra-low in the face of
chronic $1.3 trillion USGovt deficits, and creating an illusion of a
flight to safe haven. It has been held up diverse comical USFed support
in the form of a cornucopia of liquidity programs, to supply the big US
banks with never ending bond redemption and carry trade aid. The
current dying USDollar regime has culminated in an admitted permanent
monetary policy identified by a toxic 0% official rate and the emerging
reality of limitless bond monetization. It has been held up profound distortion of economic statistics, which have become almost laughable in the abuse.''
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