The analogy of, what is he doing FED это примерно то , when you are lent for expenses in hopes, that you will find a job and start repaying debt. The moment comes, when the potential income from employment for the rest of your life will not be able to pay off the debt.
QE3 is rather the beginning of the end, if it is launched.
How to write off debt, assuming, that the Fed will fool everyone.!? It will devalue the dollar substantially, but this is akin to default. What was allowed in 1998 Of Russia, not allowed to us. The fall of the stock market in Russia in 1998 led to 3 ballroom earthquake around the world, US default will result in 10 ball earthquake.
Another analogy can be given. The battery in the car should start the car, but prolonged cranking of the starter without starting the engine leads to battery discharge. All these QE , certainly, buying time and trying to run the economy, but the battery will run out one way or another.……
