"With so much money the banks without the balance sheet capacity to absorb it will have little option but to discourage further deposits by charging depositors for the privilege by moving their rates into negative territory."
riSeeking Answers in an Upside Down World.
Revisit THE CYCLE OF DEMOCRACY
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess from the public treasury.
"From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
"The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence:
"From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to apathy;
from apathy to dependence;
from dependency back again into bondage."
Dr. Alexander Tytler, a Scot professor, wrote a scholarly tome, from which this concept comes, called "The Athenian Republic" which was published shortly before the thirteen American colonies gained independence from Britain. "Google" him to learn more.
"But very little actual inflation has resulted, or at least very little official inflation. This is because the velocity of money has been decreasing. Banks have not been lending much, and consumers havenít been spending much of the new money. Itís just sitting in the banks.
"Money printing first turns into inflation, and then hyperinflation,
when consumers and businesses lose confidence in price stability and
see more inflation on the horizon. At that point, money is
dumped in exchange for current consumption or hard assets, thus