We live in lands where money grows on trees.
It might as well. It is printed to hand cash to those who are deemed to need it. They do need it. But it doesn’t exist. It is fraudulent funny-money, not real and likely to start losing value one day.
The ogres in the central bank have created a world where money has been cheap to borrow, companies in poor shape can borrow to make payroll, pay rent and line their pockets. They keep borrowing to pay last year’s payments with next year’s – non-existent – profits.
It is not sound.
The result over years may be sad, sadly.
All Ponzi schemes eventually fail.
Beware, take action, do not rely on the nation’s money managers.
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