DoubleLine’s Gundlach says ‘central banks are losing control’ … Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks. –Reuters
There is definitely considerable negativity about central banking in the mainstream media these days.
This is surprising, on the one hand, because central banking provides the foundation of the current economic system, worldwide.
On the other hand, such negativity may be signaling far worse.
Our theory, for years has been that the central banking system is presented as something that is economically positive when, in fact, it is quite negative and responsible for the gradual collapse of Western prosperity.
The mainstream media makes no real reference to the state of the West – or the world – when it comes to the larger economy.
China is collapsing. The European Union is half-bankrupt. The US is in a kind of depression.
But until recently the system that has created this mayhem has been treated as a kind of eternal or natural constant, like the sky or the moon or the sun.
Now however, with half the West running on negative interest rates, the cracks cannot be papered over.
The recent Bilderberg meetings apparently focused in large part on the economy.
Disaster was predicted and preparations were made.
In fact, this is how economies and economic systems “evolve.”
Out of “chaos,” order.
And to ensure that the responsibility for the chaos is not blamed on the bankers who run the central banking system behind the scenes, the central banking system itself is beginning to be blamed.
This is quite unusual. In past times, investment banking was blamed. Wall Street was blamed. Commercial banks were blamed. Now central banks are blamed.
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