I have been following the world economy for a long time and in my opinion, at least in my country, Sweden we have asset bubbles and enormous amount of private debt. People are using their houses as a private bank thinking that the house prices will always go up.

To me it is a fraud that money is for free. You can´t invest in bonds since there is no revenue, you can´t buy property since it is overvalued. Because of this all the money goes in to the stock market. It is ridiculous the P/E ratios with some companies. The offical numbers regarding inflation, GDP and job statistics in US is a fraud. The FED is privately owned. Can you imagine having a central bank with shareholders. Wonder who owns the bank, hmmm. China and Russia are buying every ounce of physical gold they can. Wonder why. They are also trading without the dollar and use their own payment system CIPS instead of SWIFT. The dollar is loosing it´s power in the world economy. China is selling bonds denominated in USD. The IMF took in the YUAN in their SDR-basket and US lost their Veto in IMF. I think we are in for a currency crisis and the only one with a balance sheet that is ok is the IMF so they will have to bail out the central banks. Sorry to be a pessimist but it doesn´t look good. The good thing is that a real crisis might wake people up and maybe, maybe we can build a world that is a little bit better than the one we have today.