What happens when 'the' Central Bank of all Central banks hosts the world's reserve currency games in your country of origin? The country that issues the world's reserve currency must run trade deficits or export it's inflation while maintaining "confidence"
in the currency with inflation, at the same time.
"The Triffin dilemma or paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was first identified in the 1960s by Belgian-American economist Robert Triffin, who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, thus leading to a trade deficit."
In debt based economies, you must always have inflation to service the sovereign debt.
What happens when you repeal Depression Era legislation and replace it with moral hazard?
What happens when "they" are international and you aren't?
What happens when 2008 to 2015 you print 13 trillion and naked short certain markets and "make" others?
What happens when in the US 10 Thousand baby boomers retire every year for the next 20 years?
What happens when your debt increases 40 Thousand Dollars, a second?
From William White chief economist of the Bank of International Settlements.
"Beggar thy neighbor devaluations are spreading to every region. All the major
central banks are stoking asset bubbles deliberately to put off the day of reckoning.
This time emerging markets have been drawn into the quagmire as well, corrupted
by the leakage from quantitative easing (QE) in the West.
We are in a world which is dangerously anchored."
Federal? Reserve Open? Market meetings or the free market, who ya gonna trust?
"We believe that U.S. bank regulators have made substantive progress in establishing a credible framework to resolve a large, failing bank," said Robert Young at Moody's. "Rather than relying on public funds to bailout one of these institutions, we expect that bank holding company creditors will be bailed-in and thereby shoulder much of the burden to help recapitalize a failing bank."
In October they're going to recalibrate the Special Drawing Rights.
Place your bets hehehe.