[s1k3b8]

In other words, expect destabilization in many parts of the world.

Isn't the conventional wisdom that when money leaves the system at such a quick and disorderly pace that the Fed needs to step in, that the money is being taken out to fund black ops, pay for protests, buy political/military leaders and overthrow or put pressure on regimes. At least this time, they are doing it quietly on the backend rather than the frontend like the stock market which could cause side-effects like stock market collapse and expose weak sectors ( a la 2008 financial crisis ).

[carlsborg]

No. The world is close to being in a recession. Germany just avoided it by posting 0.1 percent quarterly growth. Asset valuations would crater without these monetary injections, pulling the global economy further down in a viscous cycle. Not something you would want at this point of time if you were at the decision making table.

[raducu]

This reminds me about disciplining your children -- if you allow for such arguments "now is not the right time" -- you will end up with spoiled children, because it is never the right time, discipline, be it financial discipline should be a constant first principle or there is no discipline whatsoever.

We did not discipline the people creating the 2008 subprime crisis because it was not the right time to do it, and now they are running the show and fucking up the whole world economy.