Seriously, even for myself, it took me a while to even come close to grasp the actual situation...
it's easy for us to talk and think in the abstract, but we ought to be always careful with language... Anyway, as shocking as it may be, when we hear this "printing out of thin air", we really, really need to not lose sight it ACTUALLY IS NOT AN EXAGGERATION AT ALL, not for the shade of an atom - and take the phrase to the full extent of its implications.
Once again, just sharing with you the charts that punch you hard right into the chest:
with the accompanying question: WHO can seriously think one millisecond that the U.S., especially since circa Q2 2008, has acquired or produced (GDP) in real tangible assets or products IF ONLY A TENTH of the fiat currency reserve differentials (pre-/post-2008) shown in those stunning colored charts?
Can't our eyes SEE THOSE ABRUPTLY DISCONTINUOUS CURVES? Can't our brains comprehend that a pixel on the screen is in the scale of the $ billions?
"Cyril" pronounced "see real". I code stuff.
"To study and not think is a waste. To think and not study is dangerous." -- Confucius
Want DP delivered to your inbox daily? Subscribe here: