i'm in your boat here morgsim, can't see any way out for a lot of countries. QE was only a short term fix to get things rolling for a bit, but in the end it is just the same tactics that caused the initial crash. that being economies built up on money that was never actually real to begin with. imo the more they do this the worst its gets. eventually you have to run out of creditors. as you reference with japan, their market hasn't grown in 30 years and for the last 20 they've been borrowing over and over, i've heard their as high as 240% to gdp. they might last like that on their own but now lots are joining them and it can't possibly make sense for them to be picking each others pockets forever. eventually i feel they'll be a moment when media headlines can't put a positive spin on anything any longer, when people check their bank notes and ask exactly what this thing is really worth. thats when they'll go searching for the original currencies.
