Yup, and the Yen never collapsed, there was never hyperinflation, and rates continue falling.
I dare you to read this Tempest.
http://www.businessinsider.com/bank-of-england-debt-cancelation-2012-10
http://www.businessinsider.com/top-clien...gn-debt-2012-10
But we were told under oath that this wouldn't happen....
It's funny that those articles show that QE
is inflationary until "the right time" that the balance sheet bonds will be sold back to the market. And whats to keep rolling over the debt on the balance sheet indefinitely? The net effect is the same while looking legit on the books.
With all of this central planning going on, it's no wonder the Japanese' and our economy are in such a mess.
And I don't recall ever talking about hyperinflation, but rather increased inflation. And I'm not talking about Core or CPI, I'm talking about real inflation that people can see at the market everyday.