MARKETS ENTIRELY THE CREATURE OF CENTRAL BANKS...A GREAT EXPERIMENT...

CAN THE CENTRAL BANKS PROVIDE AN "ECONOMY" WHERE THERE IS NONE...?

WE'LL SOON FIND OUT...

THE US AND WESTERN ECONOMIES HAVE BEEN LOOTED AND MOVED TO ASIA AND OTHER LOW WAGE COUNTRIES...

THERE IS NO REAL SUSTAINABLE ECONOMIC ACTIVITY IN THESE WESTERN ECONOMIES...ONLY MONEY PRINTING BY THE CENTRAL BANKS TO GIVE THE ILLUSION OF A FUNCTIONING AND SUSTAINABLE ECONOMY...

IN THE END...ALL ECONOMIES ARE LOCAL...AND ARE HERMETICALLY SEALED SO THEY MUST SUSTAIN THEMSELVES...

WE HAVE IGNORED MAJOR CONCEPTS IN ECONOMIC THEORY TO COME TO THIS POINT...  FOR EXAMPLE...BALANCE OF PAYMENTS...SUPPLY EXCEEDING DEMAND...AND SUSTAINABLITY...

THIS CAN NOT WORK...AND CAN NOT GO ON FOREVER...

THE BIG QUESTION NOW IS...

WHAT HAPPENS WHEN THE SHIT HITS THE FAN...?

WE DON'T KNOW YET...BUT I WOULD EXPECT SOME KIND OF WIEMAR LIKE CRISIS...WITH A RETURN TO SOME PROTECTION FOR THE WEST...TO ALLOW THEIR "INFANT INDUSTRIES" TO REESTABLISH THEMSELVES...AND THE LOCAL (NATIONAL) ECONOMIES TO BECOME SUSTAINABLE...

THIS OF COURSE CAUSES PERHAPS A GREAT DEPRESSION IN ASIA...AND CHINA...BUT THERE SIMPLY IS NO OTHER WAY OUT...