“By throwing free money around that has to go somewhere,and by making leverage essentially free, central banks have catapulted asset prices into absurdity. They have created a mechanism by which governments and corporations can load up on debt without paying the otherwise normal costs of capital, and sometimes at an outright profit, while at the same time depriving those whose money this is – regular investors, pension funds, savers, and others – of a return. Confiscation comes to mind. But there are costs. It saddles these governments and corporations with a future problem: debt doesn’t just go away. It has to be rolled over (or be paid off, a novel concept in these circles).”
http://wolfstreet.com/2015/02/04/how-long-can-central-banks-push-bonds-to-absurdity/
Tip Freedomwat.ch Staff with Bitcoin