And so it is that the government agencies that have given themselves the mission of economic oversight are now working to destroy the very same economies they are nominally tasked with protecting. It is a wholly specious argument to suggest that the creation of trillions of dollars / pounds / euros / yen out of thin air will not ultimately be inflationary; like saying that storing an infinite amount of tinder next to an open flame does not constitute a fire hazard. Admittedly, the explicit inflationary impact of historically unmatched monetary stimulus will not be fully visible until those trillions are circulating in the economy in private exchanges between buyers and sellers - rather than squatting ineffectively in insolvent banks' reserves. But financial markets are nothing if not capable of anticipating future trends. Investors, traders, speculators - call them what you will - are already weighing up the probability of a reduction in future purchasing power driven by open-ended commitments to money printing today, and the prices of alternative money such as gold and silver, as denominated in unbacked fiat currency, are already responding.

David Fuller's view Yes, central banks are spinning monetary plates on sticks, in the manner of vaudeville performers, hoping to exit the stage before the next inflationary crisis unfolds.