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Matt McDonagh's avatar

Fascinating Peter.

When I launched my hedge fund in 2011 my thesis was that ZIRP was intentionally "sucking the air out" of yield so the TRILLIONS on the sidelines would be deployed to avoid purchasing power erosion.

Asset bubble would become the largest of all time.

The thesis played out, now they are trying to build castles further into the sky.

I do wonder about your "we will never again see durable deflation"

...what if the Central Banks are closed?

What if we "return to the standard" but create a basket of Gold, Platinum, Bitcoin, Lithium and other metals that have techno-industrial applications?

Agreed we need to stop the CBs from printing all future value NOW, so they can transfer to their asset bases... they are stealing from current and future savings to have a nice life now.

Great write-up Peter.

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Matt C's avatar

Good stuff per usual, and safe travels to Orlando. There are a few typos above you may want to get fixed

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