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They're doing a bang up job of it so far.   What exactly happens when the music  propaganda stops working?

Published on Zero Hedge (http://www.zerohedge.com)

Home > "Central Banks Have To Keep Fooling All Of The People All Of The Time"

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"Central Banks Have To Keep Fooling All Of The People All Of The Time"

By Tyler Durden

Created 02/08/2015 - 17:30

Today's obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has gone so far that negative interest rates have become increasingly common. Macroeconomists will probably claim that so long as central banks can continue to manage the quantity of money sloshing about in financial markets they can keep bond prices up. But this is valid only so long as markets believe this to be true. Put another way central banks have to continue fooling all of the people all of the time, which as we all know is impossible.

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Source URL: http://www.zerohedge.com/news/2015-02-08/central-banks-have-keep-fooling-all-people-all-time