Further on your expectation of inflation: depends on what you mean by "inflation." An increase in money supply (already massive) or an increase in general price level? Deflation of general price level is a likely outcome when those not able to repay default on loans made possible by central bank interventions. Destruction of liabilities through defaults eliminates assets held by makers of loans, thus impairing demands leading to generally decreasing prices. Lurking deflation leads to continued central bank interventions and competitions among them to inflate their currencies. This is a race to the bottom. Current outlook is worsening.