The central banks around the world are printing money like there is no tomorrow. This has led to a flood of cheap money and competitive devaluation of the currencies. This devaluation is expected to make exports cheaper. Therefore all countries are following suit because they don't wish to be caught on the back foot in case their exports become less competitive. The result is that everyone is printing more money. And this has made legendary investor Jim Rogers to question the sanity of such a move. He feels that the competitive devaluation of the currencies by the banks is nothing but a race to insanity.

The process of money printing has increasingly made cheap money flow into all asset classes. This in turn has inflated the prices of all of the assets. Whenever the money printing stops or when the investors lose faith in the process, the bubbles in all asset classes will burst. Though this may not happen in the short term, it will definitely take place one day. And that day all asset classes will come tumbling down.