As I wrote years ago in my diagnosis of the response of the central banks to the financial crisis, their only possible response to papering over the bad debt and loading it onto the sovereigns would be to initiate the super nova of the Breton Woods II fiat fractional reserve world monetary system, in a massive race to devalue their currencies and inflate their way out of over-indebtedness. An intermediate step was ZIRP, made to order for the well-heeled and well-connected of the world. Now that they've had a chance to leverage up again with real estate the world 'round, they are just itching for the next inflation to get going. They don't want to have to wait too long for their killing. Quickest way to get an inflation going: war.