We just hit a new record high.
No, I’m not talking about the stock market. I’m talking about Central Bank balance sheets. While everyone is talking about the Federal Reserve’s proposal to shrink its balance sheet, globally other banks have been cranking up the printing presses.
As a result of this, the G-4 Central Banks balance sheets (Japan, the US, the ECB, and the UK) are closing in on an astounding $20 trillion.
H/T Dimit.
This is truly astonishing. And what’s worse is that we’re only going up from here. When the next Crisis hits, Central Banks will unveil truly NUCLEAR levels of QE and money printing.
Gold has already figured this out, having broken out of a massive triangle pattern. Gold knows that Central Banks have rigged the market and will never fully walk away from the bubble rig. No matter what happens the printing presses will keep making currency confetti.
If you’re not taking steps to actively profit from this, it’s time to get a move on.
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