Max Keiser: Fed Decides to Perpetually Bail Out Banks with New ‘QE to Infinity.’

(Before It's News)

” The free market just died. The idea of values and price discovery is no
more. We now live in a post-fiat; post-fractional reserve world where
banks float virtual money collateralized by off-balance sheet,
theoretically present virtual assets and then trade these virtual
securities using high speed ‘high frequency trading’ bots; charging fees
to each other – the resultant draining of the economy; loss of jobs,
etc. – in turn becoming the basis for more QE.

The economy is backed by
fees generated by trading imaginary assets using an unbacked currency.
Net, net, this will NOT add jobs. This will gap the wealth and income
wedge wider. This will spike the value of gold and silver to new all
time highs. This will stoke more aggrevated social unrest. “

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