The German authorities borrowed cash for lower than nothing. If deflation starts to rear its ugly head, the federal government will simply spend more cash and the Fed will simply print more cash. The Greater Depression deflation downturn that started with the 2000 dot com mania climax crash will in all probability backside in 2016 with ninety p.c drops in most asset costs and near 35 p.c unemployment. Secondly, the Federal Reserve and the government, I imagine, will battle tooth and nail toward...