Thanks posting that gwr1
JW's commentary supports earlier research by Ron Kirby - Pirates of the Caribbean (2005) - and last month's missive by John Galt - Has Back Door Debt Monetization Already Begun?
Much like jury-rigging in the Jr's, it's a story that deserves more exposure imo.
Never-the-less, this overhang of rot and deception is soon to collapse the financial order as we knew it - good riddance I say!
As a result, the physical pm market is on fire (bugs vindicated) - soon to follow for investors with the foresight and fortitude to enter, and hold their positions with responsible Men Who Moil For Gold.
J