"It should be increasingly clear that the Fed's money printing is to stabilize financial asset prices -- no matter how bad the underline economy gets (mainly so pension returns don't go negative). The financial economy is getting bailed out at the expense of the real economy, already seen with record-high stock valuation, tens of millions unemployed, soaring wealth inequality, and social unrest. "
"To sum up, central banks are in the game of supporting asset prices so pension funds can deliver positive returns -- if negative returns are seen, the Ponzi implodes and social unrest follows. "