from The Daily Bell:
DoubleLine’s Gundlach says ‘central banks are losing control’ … Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks. –Reuters
There is definitely considerable negativity about central banking in the mainstream media these days.
This is surprising, on the one hand, because central banking provides the foundation of the current economic system, worldwide.
On the other hand, such negativity may be signaling far worse.
Our theory, for years has been that the central banking system is presented as something that is economically positive when, in fact, it is quite negative and responsible for the gradual collapse of Western prosperity.
The mainstream media makes no real reference to the state of the West – or the world – when it comes to the larger economy.
China is collapsing. The European Union is half-bankrupt. The US is in a kind of depression.
But until recently the system that has created this mayhem has been treated as a kind of eternal or natural constant, like the sky or the moon or the sun.
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