The elephant in the room…

Remember that the US$ is the world’s reserve currency and that we are running a floating exchange fiat monetary system.

Hat tip to Karl Denninger for the chart: http://www.market-ticker.org/archives/1752-There-Is-No-Way-Out-Of-This-Box…..html

https://i0.wp.com/www.market-ticker.org/uploads/Dec2009/credit-all.png

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