Are you ready for the next round down?

Here's some speculation to mull over: 

If you were wondering what the trigger would be for the next round of Federal Reserve quantitative easing, here it is; a combination of bank failure resurgence, along with city and state defaults leading to a clamoring for Federal funds just to stay in operation. Fiat injections in light of this event will dwarf previous measures. In fact, we may long for the days of TARP after the Fed has finished annihilating the dollar in order to plug thousands of ongoing municipal leaks in the hull of our sinking ship.

It was written by Brandon Smith, and was part of a guest post at ZeroHedge.com. Read the whole thing here.