Don't forget the Bank of Japan has also joined the party. Having held interest rates at 0.5% or less, for 18 years now (since 1995) they are also going to conj

Don't forget the Bank of Japan has also joined the party. Having held interest rates at 0.5% or less, for 18 years now (since 1995) they are also going to conjure up $76 Billion/month of funny money to buy government bonds, on a mission to double the monetary base by $1.4 Trillion within 2 years. Nobody really knows what the consequences are going to be, but I think one thing is certain: ordinary people are going to find it hard to accept so-called 'austerity measures' and reduced living standards when they pick up a newspaper and read about central bankers creating money out of thin air. [1] http://au.news.yahoo.com/thewest/business/a/-/world/16670172/bank-of-japans-kuroda-signals-ready-to-keep-stimulus-more-than-two-years/ http://au.news.yahoo.com/thewest/business/a/-/world/16670172...