Endspiel – der faustische Pakt der Notenbanken

We are experiencing the end game of the great debt super cycle. As the private sector has become increasingly over-levered, the baton is being passed to the public sector where resources are so strained that the printing press has become the last resort. At 4.6 percent of GDP, the U.S. federal budget deficit in FY 2019 was larger than anything we’ve seen outside of a recession or war. The truth is that the only policy solution short of socialism is to accomplish a great transfer of wealth from investors to debtors. mehr hier