Is Anyone Really Surprised That The System Is On the Brink Again?

We find it truly extraordinary that anyone is surprised the financial system is under duress again.

After all, what have the Central Banks accomplished in the last five years?

1) Did they clear out the bad debts that caused the 2008 collapse? NOPE

2) Did they implement structural reforms to insure another 2008 didn’t happen? NOPE

3) Did they punish fraud or corruption in any way to insure that the system was clean? NOPE

So what did they do?

They cut interest rates over 500 times and funneled over $10 trillion into the financial system, over 98% of which went to the very players (key banks) who nearly blew up the world in 2008.

More