Ok so this is what your saying CK,The combination of Loans being...

Ok so this is what your saying CK,

The combination of Loans being repaid and the deleveraging of banks means their is less currency in the system. This means that its value must increase relative to other assets. The fed is printing like mad but it is not making a difference because central banks lend in a 1:1 ratio and other financial institutions lend in a 10:1 or higher ratio.