http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?oid=236924&sn=Detail
Jay Taylor: I
don't know about forever because nothing lasts forever. Your premise is
largely correct, however, because the discontinuation of quantitative
easing would be so painful it's a pretty good assumption that it will
continue for a long time to come.
It will probably end only when the system breaks down, which is inevitable because it is becoming increasingly insolvent.
TGR: We've been
hearing for three years about the end of QE and the zero interest-rate
policy (ZIRP). It has been argued that this is unlikely for several
reasons. QE is the only thing responsible for whatever recovery we've
had since 2008, and if ZIRP ended, the U.S. government couldn't pay the
interest on its debt, and trillions of dollars in derivatives would go
south
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