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The central banks have been taking on the bad debts of banks for the last decade. They have mountains of debt on their balance sheets and should be audited. It's like saying the banks have no debt because they too create money out of nothing, but they all failed and needed the government and central banks to rescue them. It's a scam. The same can happen to the central banks who like Walrus said do not have any ammunition. The question is how long can they keep it going, what will be used to bail out the central banks, and what will that mean for future of humanity. It's not looking good. They are making it up as they go along and they have got it all wrong. Don't forget central banks were invented to eradicate boom and bust cycles, yet here we are racing to the biggest crash yet at record low interest rates and a mountain of debts incurred by government, the public, and the central banks themselves.
Not so much to create boom or bust. After the most recent bubbles in housing and oil the fed got a team together ( fed is what we call the federal reserve in the us) trying to figure out how to monitor, predict and resolve bubbles. Despite algorithms and the alleged best minds in finance the fed admitted they can do very little to do anything about them. My theory is that since it's based in human greed computers can't fix that
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