### Comment:
The money no longer goes poof in the current environment, it (debt) just simply gets pushed up to the next layer up, just as the Fed owns $1Trillion in mortgage backed securities, the Fed prevented housing valuations to be destroyed. This is the new normal, not sure how anyone isn't Long gold into this oncoming recession.

### REPLY:
Theirs no need for their to be a recession. The fed is still making a profit. It will only come of the fed gets greedy (wich they will).  
  
 Still nothing i said is false. This will cause deflation of the value of the dollar. When our financial systems fail the world loses trust in the $ and it goes down. Devalued. The fed will make less $ to counter. As theyve done countless times. 1986 94 2005  Deflation.

### END.