EP70 Art Brock & Ferananda Ibarra on Currencies
The Jim Rutt Show
00:00
The Importance of Muting the Warning Signal
The Fed is choosing to mute the warning signal because we're outstripping the ability for keeping up with that exponential curve at this point. We've had all these new means to paper over the fact that the whole financial structure is out of whack you know they keep inventing new goodies. The QE's first right now it's buying any kind of crappy assets and holding it on the feds books but I don't think for very long we'll find out what really looks like when a currency can be asset backed. There are some well there's futures trading for exampleright that's actually backed by the delivery of a container of corn or whatever and until that time people are trading the
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