You are on the back of a tiger. You had no say in the matter. You are part of the international economy, and central bankers run it.
First they inflate. Then there is a boom. Then there is price inflation. Then they stop inflating. Then there is a recession. To keep it from becoming a depression, they inflate. Year after year, decade after decade, generation after generation, this is what central bankers do.
This time, the tiger is really, truly dangerous. The central bankers have lured the world’s highly leveraged speculators and their multinational bankers into wildly speculative ventures that can keep them growing richer only by threatening them with bankruptcy if the central bankers ever attempt to climb off the tiger’s back.
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via Tiger by Gary North.