Central bankers are using Quantitative Easing to buy up more and more of the world's financial assets. And it will end in tears.

Marx said "socialize the means of production"

Hitler responded "no we are going to socialize the people!"

To which the world's central bankers are responding: "fuck that, we're going to socialize the financial markets "

Central bankers, already busily acquiring the Lion's share of the world's government debt are buying mortgage backed securities, corporate bonds and equities in boxcar lots to keep the bubble inflated.

According to the FT they now collectively own almost $30 trillion in market securities paid for by printing more and more fiat money. This explains booming equity markets in the face of steadily worsening fundamentals: the market assumes that Central banks will print enough money to buy enough equities to  keep the bubble going ad infinitum.

But all supremely corrupt things must come to an end. And the attempt by the state to socialize more and more financial assets will end with the world's economies looking just like they did when arrogant, heedless politicians tried to socialize the means of production or socialize "the people" before: smoldering ruins - if we're lucky only economically speaking.

 Remember that the first Great Depression and WW2 were caused in large part by central bank policy blunders. Recession is one thing but the Yellins of this world, isolated from the real economy in their ivory towers, buried in reams and reams of financial data and lacking even a smidgen of market savvy are running a large scale financial experiment on the world's economy with no clue what will happen or any antidote to safely reverse the effects should they turn deadly.

One more consequence of building a huge, omnicompetent state - they end up owning us all with money they looted from us via currency debauchery.  And as anyone who tried to go to a National Park during the so called 'government shutdown' knows when something is owned collectively, it's really owned by the bureaucracy that physically controls it.  Social Democracy is just a new form of enserfment to a different kind of lord.  One that doesn't give a damn about efficiency, customer service or responding to market needs.

It's all so progressive.