The Fed could mint not one but two $1 trillion coins. The U.K. government will pay 80% of wages. A global recession of record proportions is a near certainty and coming as soon as next month. Stock markets around the world lost trillions of dollars in value in a matter of hours.

This morning, the Fed promised an open-ended commitment to keep buying assets under its quantitative easing measures—effectively offering to buy the entire market if necessary.