The Game Has Changed

How do you build wealth faster than central banks are destroying the value of money itself?

It is impossible to get your head around the scale of reckless and entirely unaccountable “credit creation” aka magic money making that happens every day across the world. Every central bank is printing money and lending it to leading national banks. These central banks are also active in bond markets, precious metals and derivatives. The banks then lend capital principally direct to borrowers (major corps for payroll, acquisition finance, etc..) and to other financial institutions.

I recently wrote about the consequences of this financially engineered and largely virtual (fake) economic motor:

Worldwide approximately $3T of wealth was destroyed yesterday.

I believe it never really existed.

We’ve used economic stimulus to create more money than ever before. The “plan” appeared to be:

• create money

• have all that money chase a small set of assets

• raise the asset values via inflation

• use those inflated asse…