By the editorial director at Taipan, Justice Little: "The more money a desperate Fed pumps into a non-responsive US economy, the closer we edge to systemic breakdown for the fiat currency system as a whole. My use of 'breakdown' in this case refers to the point at which the world loses faith..... the point at which investors realize in dawning horror that the world's reserve currency is doomed. The trouble lies in the fact that the Federal Reserve has staked its whole crisis-response plan on the power of the printing press. The Fed, in other words, has but one play in the playbook.... ..the play outlined in Bernanke's deflation speech. IF deflation's grip is not broken soon, then Bernanke will double-down on the printing press strategy... and then double-down again. The Fed will pump and pump until the total pool of dollars in the system makes the United States look like a banana republic."