“…a moratorium on printing new high denomination notes would make the world a better place.” – Larry Summers, Harvard Professor Source: Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill” | Zero Hedge

The capitulation happening now in Japan reminds us of the abject failure of QE and massive money printing. Central bankers are clueless as to how to stimulate demand using Keynesian economic thinking. Check out some reasoning here Source: oftwominds-Charles Hugh Smith: Why NIRP (Negative Interest Rates) Will Fail Miserably

Ambrose Evans-Pritchard is an esteemed financial writer ‘This could go down in the history books as the death of Abenomics’ Source: Bank of Japan loses control as QE hits the limits – Telegraph

Bullion dealers report record sales as buyers “queue round the block” to purchase the precious metal Source: Investors ‘go bananas’ for gold bars as global stock markets tumble – Telegraph

The price of gold has jumped more than $100/oz so far this year. Despite an attempt to knock the price of gold down when someone dropped $1.2bn of gold futures into the market late last week gold has continued to strengthen. Is this a sea-change for financial markets? Reproduced here is a sequence of short…