"At some stage, central banks inevitably realize,
regardless of whether they admit the catastrophic nature of their own failings,
that the cessation of money-printing will cause an instant depression. Even
though at that point the cessation of money-printing may be the only action
capable of saving society, that becomes a secondary consideration compared to
the desire to avoid immediate pain and blame. The world’s central banks are in
very deep with QE at present, and the risks continue to build with every new
purchase of stocks and bonds with newly-printed money."
http://www.zerohedge.com/news/2013-05-03/elliotts-singer-bernanke-destroying-value-money-and-uprooting-basic-stability-societ
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