The Fed, Troika want inflation. There is mega cash in banks waiting for the bargains. The above need to flush is out in order to generate more money velocity, which is what is missing, even though there are large numbers being printed. It is just being hoarded, or going into stock markets.
Zero interest rates haven't flushed the cash out as yet so fear of being a depositor is the new trick.
I also think that when you are going to introduce a new monetary system, as the IMF plan to do, you want to also flush out all the dodgy money as well. Black market money should only be laundered by HSBC and no one else ;)
Interesting to see the BRIC nations starting up their own IMF bank of sorts. Has anybody asked who created the IMF and under whose authority it is operating. Its own it seems. Maybe I will start one too ;)
