John Rubino says that it’s all playing out as expected. Central banks are stepping on the monetary accelerator in hopes that this time really will be different. Where have we heard that before? At the same time political instability is increasing. Wikileaks is keeping up the rate of document dumps, further underscoring the systemic corruption that we’ve all known has become endemic. Have we all become jaded and immune to it? Hopefully not, but don’t count on it.
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