What is the ‘war on cash’ really about? Mish Shedlock says it is to help cover up the fact that the banks are insolvent. Across Europe and Australia, where the suggestions to ban cash are the most vocal, also happens to be where banks are most likely to face bank runs. At the same time, however, all this central bank monetary policy has been unable to create inflation and everyone is ‘stumped?’ Is it really so surprising? Mish says not. And he’s got a whole lot of explaining on offer. And, finally, Mish answers Double Down’s question about why the Trump rally has no end in sight.
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