“When it implodes it will implode more dangerously.  The IMF and the Fed have different ideas about whether rates should stay low or go up.  In this particular round the IMF won.  They want rates to stay low because they don’t know what’s going to happen to the global financial system if the availability of cheap money goes away…”

“Right now everyone knows, whether they admit it or not, that (cheap money) is the only thing that’s keeping this (global financial) system afloat.  It isn’t production.  It isn’t savings of individuals because nobody has any money to save.  So there is no there, there.”

….read more HERE