Loading ...QE to infinity is no joke. It is very real and it is already here and just getting started. Think about how much credit issuance will be needed to backstop existing debt, not to mention the cesspool of over $1 quadrillion worth of derivatives? “Infinity” is an unfathomable number but the best way to understand it is to look at and define/understand its opposite. The opposite of infinity is “0”. Most everyone knows and can understand “zero” as a concept. In the real world, infinity is not what people will understand. What they will understand is the value of their fiat currencies approaching and eventually reaching zero value or purchasing power.
I will leave you with something to think about. Societies are based on currencies used to perform business transactions. Currencies are also the base for savings and pension arrangements. Many things financial can and have been swept under the rug for many years. Failing currencies cannot be hidden because the common man uses them every day. The common man will immediately see and feel if his currency is failing. How can central banks monetize insolvent treasury debt without destroying the issued currency? And what does that mean for all things denominated and saved in said currency?
The end of the monetary fiat road is not nigh folks …it is already here! I have tried to illustrate and explain over the years how all monetary roads lead to gold. It looks like “liability capital” will all now merge in to a super highway leading directly to gold and silver …where no liability exists!
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Standing watch,
Bill Holter