Full steam ahead!................from Rico

This is an interesting graphic of four Central Banks (China, ECB, US & JA) over the last decade. Smart economists would look at this and see a 'race' to debase fiat currencies happening.

I call this "full steam ahead, and damn the torpedos!"

Look at the blue line depicting the FED's Balance Sheet. The sudden 'spike' in 2008 says things are worse than we're being led to believe, and makes a sharp contrast to the preceeding trend-line (almost looks 'boring' doesn't it?).

The Central Bankers all know exactly what this data says, but it does not mean that they 'know' what they are doing.