Long after their U.S. counterpart ended asset purchases and started raising interest rates, the Bank of Japan and the European Central Bank continue to rely on massive quantitative easing in a battle to revive consumer-price growth.

http://www.bloomberg.com/news/articles/2016-10-05/central-bankers-on-qe-highway-worry-about-running-out-of-road

Related:
Global debt balloons to all-time high of $152 trillion, IMF warns

Want my prediction?  Most of that will be defaulted.

What's your prediction about who will eat the losses?

I'm going to say something radical, but much of that debt isn't real.  I mean the folks who are on the hook for it never actually possessed the money.  The flip side of that is the wealth of those who own the debt isn't real either.

Here's a hypothetical scenario:
The IMF loaned s a dictator $5 billion dollars that is suppose to go to an infrastructure  project, but instead it gets routed to all his cousins and they in turn invest off shore or buy material goods from the world economy that rapidly depreciate.  So, that money ends up propping up the developed countries and does very little to help the people who live under the dictator's domain.  The developed countries get the boost, but locals continue to struggle. Eventually the IMF comes asks for the money back but it is gone with only those at the very top of the country actually getting any benefit from the loan.

Much of what we call wealth today is just some multiple of debt, but much of that debt has been mis-assigned and will never be paid off.  Poverty is real, but sub-zero worth is not -- it is a thing in the developed countries because we think it is, but it isn't really and you are not going to get those who are struggling to feed their family to pay up when they have nothing to give.

So, what does it mean to you and me?  There is is a real world wealth number out there, it is probably 1/10 the inflated wealth and it will survive a crisis of monetary illusion. 

Quotea crisis of monetary illusion. 

I love the phrase.  Thanks .....banked

An engineer friend and myself often discuss over a beer the idea that the world debt is a funny problem, and its all a bit like a game of Monopoly.  At the end of the game, the winner feels good, the looser pissed, but all the paper money goes back in the box and the world goes on. Why cannot we do that with the banks?

We cannot obviously.  And your example is a good one.

So many people in the UK have their pension in their property, that will be a shock. Many have relied on inflation to reduce their debt too, and the end of that game is going to be messy. And you know, paying off the mortgage is such a boring idea, while you could just get that nicer, newer car, new boat, meal out.  Lifes for living isn't it?

So what happens to those who have some debt, and some apparent wealth?  And the wealth disappears... It would be nice to think my mortgage is just written off, but I dont think it will be. My 1/10 will be dust. The Central Banks will claim it as theirs.

IMFO
We're going to feel the hurt now, all while the establishment tells us the whole thing is in our heads.

http://www.zerohedge.com/news/2015-08-27/lies-you-will-hear-economic-collapse-progresses

Y'all have a nice weekend 

Mr Mackin.. do you have any good news? 

This is the best that I can come up with...

http://www.bizjournals.com/bizjournals/how-to/growth-strategies/2016/03/the-good-economic-news-no-one-is-talking-about.html

SAD 

Quote from: Rupert on October 07, 2016, 12:49:59 PM
Mr Mackin.. do you have any good news? 

There are constants in the universe that I take comfort in.