Drop sterling and adopt the Euro rapido! And fully join and support the EU or will be toast!

Gus, Glos, UK

If the cost of borrowing does become zero surely borrowly will cease all together as what is the point of lending?

Tom, London,

Been here before, did not work then will not work now..

But, will be somebody else's problem in January, won't it?.....

Graham , Littlehampton,

If Bernanke is learning from the BOJ then he is a fool. Maybe what he should do is to print 50M dollars per person and give it to each and every citizen of america... that way everyone will be rich and out of debt no? Maybe German history can shed some light on the possible outcomes of that option.

Harvey, London, UK

People who said the bank bailout wouldn't work, have been proved right. This is another bailout. The problem is poor management in banking - not addressed yet, and also lax banking laws, better to have 90% mortgages, not 100%. Speed up house prices falls = more disposable income = economic expansion

Hugo van Randwyck, London, UK

The theories as to the cause of the great depression were wrong except the obvious one. Once debt repayment is greater than 30% of GDP then depression is inevitable. That happened twice in history, 1929 and 2007. You cant fix this by moving debt from private to public hands. The Austrians are right.

Stephen O'Mara, Tamworth, Australia

I remember the silver certificates and pocket money that was money. For several years we had notes and our pocket change got cheeper. Soon Monopoly money will be worth more.

Tom, Leeper, USA

the choice has always been ..accept a short sharp shock now and move on in a couple of years time..or manage the downturn..which is what responsible governmenst are trying to do. The massive gamble here though is that hyper -inflation is rleased later..and that destroys societies and cultures.

Steve Timms, Edinburgh, UK

Don't blame me! I voted for Ron Paul!

Sandy Sanders, Richmond, USA

I wish the Fed would pump some of that money in my direction. I am really good at spending, plus I tip well!

Douglas Johnston, New York, USA

Errm......I just don't see how this is going to work....

I get the distinct impression they don't know what they're doing.....

Andy, Doncaster,

I think its time for Britannia to recognise, that the slavish dependency on US policies (whatever) should be discontinued. Welcome back to Europe, folks.; take part and integrate.
Viele Gruesse from Bavaria (land of the free ;-)

Karlheinz Hirn, Munich, Germany

The obvious answer to stop hoarding is to tax deposits at a rate of 3% p.a and tax cash withdrawls greater than 10000 in a month. Spend or lose money.

Stephen O'Mara, Tamworth, Australia

It is really rather difficult to imagine, today, how (for the US), 'printing money' can be inflationary. No currencies are tied to a commodity price any more, and USD are held as a 'reserve currency' by all of the world's central banks. (68% of world reserves, at the last count.) They have won!

jeannie, perugia,

As they say, the truth often hurts.

Money is pulped paper and as such, can be recycled into the New Dollar...which is just around the corner. Soon, with the launch of the New Blue Back, America will step free from its Ground Hogg Day.

Will there be pain...for sure, but there's no otherway out.

David Downes, Chester, UK

What to do? I think monetary policy has become irrelevant now. I would offer folowing measures: 1. Predident Obama suspend USA income tax for 6 months. 2.Stop also employment taxes (Social security) taxes for 12 months. 3.USA Federal reserve start buying longer term Fed securities(10yrs

Rait, London, UK

If anyone has any ideas other than negative scenarios I am sure the feds would like to hear from you.You should also be hoping that they are doing the right thing because without this country nobodys economy is going to go anywhere.There will probably always be hegemony so who would you rather have?

Ray Crampton, Fairfax, USA

"generalised deflation, the ultimate nightmare scenario for policymakers" - because negative interest rates cannot work and the wisdom of fools says print more money. This is going to be worse than the Depression - but the experts won't admit that they don't know what to do in this unchartered land.

Shaun Hexter, London,

So, the US Fed is now going to start printing money as essentially they don't have anything else left. Expect a collapse in the value of the Dollar in 2009. Wall Street has managed to achieve what no terrorist could dream of. Bringing the States to its knees and end its hegemony. How ironic.

Paul Galbally, Carlow, Ireland