Pretending things were not as they really were left us all with a worse world — just as the media did with the Fed when it pretended the Fed was right about inflation being transitory and all simply parroted the narrative they were force-Fed.
Regardless, if you come across an irresistible young Asian woman online who wants to talk about bitcoin, you would be wise to end the conversation then and there.
It is possible that the swaps provide a mechanism for bullion banks to return gold originally lent to them by central banks to cover bullion bank shortfalls of gold.
We are probably getting to that point where unemployment will turn upward, but there will be a lot of damage set in place by the Fed to play out in the months thereafter.
