Unprecedented Mainstream Media Criticism of Central Banking Bodes Ill for the Larger Economy

DoubleLine’s Gundlach says ‘central banks are losing control’ …  Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks.  –Reuters

There is definitely considerable negativity about central banking in the mainstream media these days.

This is surprising, on the one hand, because central banking provides the foundation of the current economic system, worldwide.

On the other hand, such negativity may be signaling far worse.

Our theory, for years has been that the central banking system is presented as something that is economically positive when, in fact, it is quite negative and responsible for the gradual collapse of Western prosperity.

The mainstream media makes no real reference to the state of the West – or the world – when it comes to the larger economy.

China is collapsing.…

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