Comments on: Monetary policy: QE2 or the Titanic? Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 By: frenchliving Fri, 01 Oct 2010 16:07:34 +0000 The U.S and British governments are well versed in getting other countries to pay for their financial mistakes. A covert policy of devaluation is realistically the only one way to achieve that if your debts are high and your ability to be competitive and scale quickly (i.e. pay them back) is shrinking.