Eventually the market is just going to say to these central bankers, ‘enough is enough – we don’t want your garbage paper anymore.’

Then we’re going to have the real crisis.

…

In 2015 in the United States, twice as many stocks were down as were up… They were disguised by the fact that a few big companies went up all the time – you know the names, Amazon, Microsoft – those stocks went up. And they hid the fact that the markets were deteriorating underneath.

This year everything is going down…nearly everything. So, we know that the market knows and the market is telling us it’s getting closer and closer.