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A Ponzi Scheme

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QE3, QE4, QE5...

More and more crack to keep the Zombie economy staggering forward.

QE3 is not only a bonanza for the Big Banks and for big holders of otherwise devalued government mortgage paper, it's also a way to create the illusion of health in a financial system that is in reality on life support.

Here's the problem:

Whereas debt injections used to juice the economy, now they're having no impact.

How long can this go on?

Until it can't - and then I hope everyone who is depending on this system has cash, food and a good home security system (and I'm not talking about a burglar alarm.)

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