CENTRAL BANKS ARE STUFFING MONEY INTO A GLOBAL ECONOMY THAT IS ALREADY AWASH IN UNUSED LIQUIDITY...WITH THE EXPECTATION OF MORE INFLATION OF ASSET VALUES.
THE HOPE IS TO RESTART THE SPECULATION IN ASSETS...AND RE-BUILD THE BUBBLES ON WHICH THE SYSTEM IS BASED...
IT MAY WORK...BUT THE RESULT WILL BE INFLATIONARY IN THE EXTREME...
IF EXCESS LIQUIDITY HAS CAUSED THE PROBLEM OF ASSET BUBBLES...MORE LIQUIDITY TO "BAIL OUT" THESE BUBBLES WILL NOT PROVIDE A SOLUTION...
THE PROBLEM IS OVER PRODUCTION AND UNDER CONSUMPTION CAUSED BY GLOBAL LOW WAGES...EVEN AS SPECULATION IN ASSETS RUNS AMUCK...AND CENTRAL BANKS PRINT EVER MORE MONEY FOR THE SPECULATING CLASSES.
