To date, all the failures have been contained through a variety of accounting frauds and the endless expansion of CB balance sheets with gobs of Irredeemable Debt now on their books. Each of those is an increasingly malformed block being placed ever higher on the Jenga Tower. It is Magical Thinking to believe that this tower will not eventually collapse under its own weight and increasing instability, demonstrated by the nearly daily “Flash Crashes” in markets all over the Globe, all linked together at the speed of light by the telecommunications network and run not by human hands, but by HFT algorithms, which while they may be designed by Geniuses, are still subject to the laws of mathematics and physics.

Jenga

Saludos

el_mar

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Ave Big Pharma, morituri te salutant