During the last financial crisis, the idiots that coddled the brats, inevitably caved.
And while David Stockman might be right that the Fed is now out of bullets; during the next crisis, I bet the brats will run to Grandma's House. Just you wait and see!
James Richards wrote in his new book The Death of Money, "The [IMF] SDR's mix of opacity and unaccountability permits global monetary elites to solve sovereign debt problems using an inflationary medium, which in turn allows individual governments to deny political responsibility." Sounds about right to me.
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