for some time i've been wondering how they've kept it all going, but now it appears they've begun to wonder as well. i don't see how we avoid collapse this year; 

Three days ago I was invited to what was described as an “informal consultation” in Basel, Switzerland—when I arrived, I realized this was an emergency gathering of central bank officials from across the Western world, and the panic in that room was palpable.

A senior Fed official stood up and said words that made everyone go silent: “We need to stop pretending this is manageable—Treasury demand is collapsing, repo markets are breaking, and after Saudi BRICS, three of our largest foreign holders want out; this is crisis management now.”

What I learned violates multiple confidentiality agreements, but people deserve to know: central banks are dumping US Treasuries through hidden offshore channels to avoid triggering the crash they’re trying to prevent, they’ve drafted emergency protocols for capital controls and bank holidays, and they’re calculating $3-5 trillion in pension fund losses they have no tools to stop..........more...........