opinion, will continue. And so what you're saying is essentially the suggestion by the Federal Reserve in this case to shrink its balance sheet will actually be something that they will have to reverse or renegon and in fact go the path of Japan. And I was actually looking at some recent numbers from looks like the BOJ and the Investment Trust Association of Japan that approximately 67% of the nation's ETFs as of February of this year of 2017 are owned by the BOJ, which is a pretty remarkable number. Correct. And you ask yourself, where do we go with this kind of central banks, essentially financing the whole government? It may work for a while, but it's not going to work for the long term. And so I'm very negative about the global economy, which has recovered because of a huge debt buildup financed by central banks. But who knows how long it will last? Maybe it can last another three years, maybe another 10 years, but it's not going to last forever. And when we hit the wall, it's (20/38)
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