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To: The Bat Ladys Husband

Don’t worry - we have Central Banks that can buy up every crappy bank loan, or monetize massive government debt to pay for the mistakes of the crony-capitalist banks, and the huge costs of the nanny state and their social engineering schemes.


7 posted on 09/29/2016 4:41:41 PM PDT by PGR88
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To: PGR88
You are correct. The central banks have unlimited funds to prop up and buy up any asset they want.

There are various predictions as to how long this kabuki dance will continue. Remember, the central banks are buying these assets with currency that is backed by, wait for it, nothing more than faith that the present financial system will stay in place forever.

When the those who actually producer something lose faith in the bank's promises to pay, all hell will break loose.

25 posted on 09/29/2016 5:01:25 PM PDT by Former Proud Canadian (Gold and Silver are real money. Everything else is a derivative)
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