"You have to hand it to the Central Banks; they appear to have...

"You have to hand it to the Central Banks; they appear to have made fools out of the honest money crowd and upended the laws of economics and the very theory of money itself. Apparently we can have our cake and eat it too. All we need to do is to have the Central Banks create unlimited amounts of paper money and we can forego any concerns whatsoever about debt.

I must admit to being an adherent to the Austrian school of economics. Right now, we look like well-read DOLTS with all our predictions having been proved utterly wrong.

I tend to use sarcasm here at this site quite frequently to make my point but this time around I am not being sarcastic at all - if the Fed, the Bank of Japan, etc., can create Trillions in Dollars, Yen, etc, with no inflationary fall out whatsoever, If they can create these sums of "money" with absolutely NO EFFECTS OR CONSEQUENCES, if they can create a runaway bull market in equities, if they can simultaneously drive commodity prices LOWER in the process of so doing, and if they can create conditions in which consumer sentiment can actually move higher, why stop at all? Why not merely have the Fed and the Bank of Japan just keep their bond buying programs in place indefinitely? I am serious - why even bring up the subject of an exit from the QE stuff? After all, they have been engaging in this stuff for years now without any fallout so why stop? Just keep it up into perpetuity thereby guaranteeing a permanently rising stock market with a never ending wealth effect for the average citizen. After all, who wants to leave Nirvana and go back to the messy details of the real world where things like debt and living way beyond one's mean can pour cold water on our wondrous illusion!

Or to put it in terms of popular culture - who in the hell would want to take the RED PILL when they can eat the BLUE PILL and blissfully live in the Matrix? The RED PILL brings pain, discomfort and despair that comes from understanding the truth. Those in the MATRIX can continue to watch Reality TV shows and live out their own lives vicariously through that of others."

Dan Norcini at http://www.gold-speculator.com/trader-dan-norcini/84916-surging-us-dollar-derailing-gold-silver.html