The 'debt' based economy is still the satus quo that is being protected. --receiptents of fixed incomes and savers be damned!
So here we have another round of QE (there will be more!) $600 Billion more should buy some more time.
As long as the medicine of QE continues asset prices may inflate but look at this chart which shows the current rally in stocks (S&P index) quoted in Oz of Gold
There is a certain point of no return, where you get little return for the increase in debt; Saturation point;