"QE will need to come to an end if the USD and other currencies are to have any credibility going forward."
What credibility?!
The first house my father bought in Australia cost him $11,000 around 1970. The same house would now be worth around $500,000-600,000. That's how much value the AUD has lost just in the time I remember. Go forward another 40 years and the same house would be worth $27mill at that same rate of currency devaluation. In 40 years we will all be multi millionaires but unfortunately it won't have the same meaning as it does now. They might as well keep QE going because there is no credibility to save. If its not called QE, it will still continue just as it has ever since the gold standard was abolished.
SLR Price at posting:
46.0¢ Sentiment: LT Buy Disclosure: Not Held
