History reveals countless examples of failed monetary systems. After the debasement of the Roman Denarius and the subsequent fall of the Roman Empire, it took five hundred years before a developed civilization re-emerged in Europe.

In the 1980s, the leaders of the Soviet Union were convinced their communist Ruble-regime would last forever and they continued waving from the balcony until the bitter end. After the collapse of the Soviet Union, savers and pensioners reliant on the value of the Ruble remained behind in poverty.

Us Westerners concluded that our dollar-system, based on free markets, was a superior one because all of the communist countries ‘switched over’ to our side after the fall of the Berlin Wall. Now, with more and more markets controlled by central bankers, it is clear Western capitalism has reached its end. We have now entered an era of state capitalism. China is a perfect example. Just like Russia, the US, the EU, the Arab World, the UK and Japan. The economies of West and East are now intertwined in a way never seen before.

In the same manner as the communists leaders did at the end of the 80s, our governments, (central) bankers, institutional investors and even accountants have all joined forces to pretend all is still fine. But of course most of them know our economic system will fall apart once they stop QE, an euphemism for printing ever more money.

Since the start of the credit crisis, world central banks’ balance sheets grew some $10 trillion ($10,000 billion), rising to $22 trillion, almost entirely in the form of government debt. Central bankers have been monetizing all net debt issuance (2015), in an effort to reflate the $200 trillion in global outstanding debt. Yes, that's $55 trillion more than ‘when the world almost collapsed because of too much debt’, in late 2008. Since money can only be created as (new) debt, fund managers, charging yearly fees of 1%, have seen their revenues (and bonuses) exploding again.

Wall Street and City-traders will continue to ‘milk the system’ for as long as possible.

Some decided to ‘jump ship’ and have even started to warn about this financial endgame.