The central banks are clueless and have no control over the economy. This whole thing reminds me of Australia. I loved going into the Outback, driving through rivers, and seeing ant hills that were taller than the Jeep. I was invited to go to the Todd River Regatta in the middle of the desert. I thought it was a joke. They said, “No mate! Come on!”

I was perplexed at first. How can you have a regatta in the middle of a desert? Well, only Australia could figure that one out. They raced in pretend boats down an ancient river bed where no white man has ever seen water flow. It was good fun. I actually joined in on the camel races.

We have the same thing going on now in politics and finance — just living the dream. Negative interest rates punish savers, and bankrupt pensions are creating a collapse in socialism that threatens civil unrest on a grand scale. Then we have politicians raising taxes and creating mountains of regulations that nobody can figure out without a lawyer and an accountant. They are brain-dead and it is impossible for them to figure out why small businesses are not expanding to create jobs. Duh!