Central banks get their charters (license to print) from governments.
This is a pact between devils, the banks and the government, who both get what they want – They both get a sugar daddy.
The banks pay by having to submit to governmental regulation.
The government pays with the promise of tax-payer money if things get way out of control.
People, Life is expensive, Youth unemployment, Emerging Markets stop inflows, World gas prices, Trust.