This Is The Endgame, According To Deutsche Bank

"DB's Jim Reid lays out the "endgame" scenario, one which this website first said is inevitable back in 2009. With Citi and Macquariealready on board, expect what was once merely the figment of a "deranged tinfoil conspiracy-theory blog's" imagination, to become global monetary policy. And yes, the real endgame is the one we have said from day one: total fiat (and conventional economics) collapse.

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From Deutsche Bank's chief credit strateigst

Our thesis over the last few years has basically been that the global financial system/economic fundamentals are so bad that its good for financial assets given it forces central banks into extraordinary stimulus and for them to continue to buy assets in never before seen volumes. The system failed in 2008/09 and rather than allow a proper creative destruction cleansing, policy makers have been aggressively propping it up ever since. This has surely led to a large level of inefficiency in the system which helps explain weak post crisis growth and thus forces them to do even more thus supporting asset prices if not the global economy..."

at http://www.zerohedge.com/news/2015-10-01/endgame-according-deutsche-bank