It's all indirect bailing out, ie not from money put by.......all the governments, the IMF, the EU, they all print money so they don't default - they can always pay their bills.....as the dreaded secret tax on all responsible savers etc. They seem likely to carry on in the same vein, never defaulting, until they all suddenly hyperinflate together. If they started defaulting, or were allowed to default, it would mean some reality had arrived...troublesome, but not hyperinflation.

IMHO....it's looking worse each day...well-supported money-showers raining down from all kinds of directions. They've all got the bit between the teeth now and are kicking money out that copter as fast as they can.