“We have no choice but to go ahead.  But to where? And how?  Hold on. One question at a time, please.  To where? Japan!   How? By using the same policy tools the Japanese used. It worked there, didn’t it?   The Fed is fully committed to staying the course. If credit deflation returns to the US, it will have to be over Janet Yellen’s dead body. Which is not a bad idea. But Yellen is not likely to let it happen… not if she can prevent it.  But there’s the rub. If credit is going to keep expanding, someone has to borrow more – a lot more.”

http://www.bonnerandpartners.com/debunking-the-feds-credit-propaganda/

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