Quote from denner:
Exactly...but even I have my doubts that the "currency debasers" can get away with it for another 4 years.
"IF" we had a real free market, the bond market would not let them get away with it. But the Fed will keep rates at zero. The bond market is the only arm strong enough to fight off the debasers. Bonds going vertical tonight, rates plummeting to zero. The debasers will win. Funny how Ricter talks about the plutocrats. It's the debasers on the left that are enriching the plutocrats. We will have a society of the 1% who are asset rich and the other 99% who will be paper rich and not worth a dime. What a beautiful society that will be.
