Britain begins 'quantitave easing'

[opebo]

Maybe we'll see pound parity with the dollar by the end of the year.  I an now feeling slightly confident about the Euro reaching parity by the end of the year

We can easily avoid the above mentioned parities if we also print money properly.  We can all re-inflate together - it has to be done, SS.  That's how you cure deflations.

[opebo]

Not going to do anything, basically.

Correct.  If the U.S. can't do monetary policy then who can?

Why 'can't it?

[opebo]

To use a more understandable phrase, the effects of the type of quantitative easing Britain is attempting to do is the functional equivalent of "pissing into a rainstorm".

You mean because there is some other source of newly minted monies than the government?