“As we had warned for years, the vast if silent majority, feeling snubbed and neglected by the political oligarchy and the world’s central bankers, decided to take the power back which they did within the confines of the democratic process, sending the establishment reeling, by rejecting years of legacy narratives by replacing decades of a failed, and flawed, political regime in the US with something… different. And yet, looking back over the past 12 months, and in fact past decade, it remains to be seen if these changes will be successful and bear fruit, or if they will be a change for the worse.
Which brings us back to 2019 and the past decade, which is best summarized by a recent Bill Blain article who said that ‘the last 10-years has been a story of massive central banking distortion to address the 2008 crisis. Now central banks face the consequences and are trapped. The distortion can’t go uncorrected indefinitely.‘”