Is this how capitalism dies? Through decrees from what once were the ivory towers of capitalism, no less?

The Fed is now up to $6 trillion of liquidity, or free money in the sense that it is taking over the role of large banks at 0% interest.

Go global and we’re approaching $20 trillion of central bank pledges and action.

None of the questions that tempered the start of QE are being raised. There is virtually no one talking about moral hazard. What does it mean for our society that government is pushing so far into what was — and may never be again — the private sector? No one will bother answering.

There is no one standing in the way of the largest transfer of wealth in history. The firewalls built into the system are being torn down, and the free markets are dying with barely a whimper.

Even Deutsche Bank, undoubtedly a major beneficiary, seems concerned about where this is going. George Saravelos, global head of Deutsche Bank’s foreign exchange research, just wrote in a report entitled “The end of the free market: impact on currencies and beyond” that:

“In a matter of weeks, policymakers have become a backstop for private-sector credit markets. At the extreme, central banks could become permanent command economy agents administering equity and credit prices, aggressively subduing financial shocks. It would be a bi-polar world of financial repression with high real economy volatility but very low financial volatility. A ‘zombie’ market‘.”

The Fed’s most recent announcement — $2.3 trillion in greatly expanded funding — goes as far as dipping into the junk bond market through buying up ETF shares.

A free market this is not. There is no version of capitalism that can divorce risk from profits. There is no version of this that forces society to shoulder the burden while a select few capture the profits.

Never before have we seen such centralised control. For the first time ever, can we see the world being set up for the prophesied Man of Sin (Antichrist) who speaks PEACE and PROSPERITY as long as you take his mark and give him control. Church do you realise where we are in Biblical history. When Jesus told us in the the Olivet Discourse, how it will end before His second coming, He specifically ended with, “SEE, I HAVE TOLD YOU BEFOREHAND” (Matthew 24:25). He told us beforehand so we would not be caught out and be taken in by this man of PEACE.