2015 is the full year the global debt delusion implodes.

Alan Metzler, a historian of the Federal Reserve and a Carnegie Mellon economist, said the authorities of QE was misguided mainly because it did not really accomplish among its main goals – – increased bank financing. With $3.5 trillion excessively reserves sitting in the bank operating system, what good can the Fed do by adding to it that the banks couldn’t do on their own? The answer is nothing. Whatever has happened in the economy isn’t being caused by quantitative easing, he told Fortune magazine in July.