By Greg Hunter's USAWatchdog.com (Early Sunday Release) Macroeconomic analyst Rob Kirby can sum up the massive Fed money printing it is doing each and every day. Kirby explains, "We are on a vertical curve where money has to be added to the system. . . .

Gresham's Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives. Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months.

Ever since the secured overnight repo rate (SOFR) spiked to 10% in September, there have been dire warnings that these exceptional movements show the financial system is fundamentally broken. The story goes that the post-crisis financial system is so dysfunctional that it is unable to operate without continual injections of money from central banks.