The money printing phenomenum is not a recent event. During the great depression, similar measures were used but event was overtaken by the second world war. After the war, similar money printing was used to prop up the economy of Japan and other war torn countries and it was greatly successful because the people were poor and had no other choice.
The senario in 2012 is different. People now are used to affluence living beyond their means, maximun income, minimun work and hopefully money will fall from the sky. The Bankers are the chief bneficiaries of the cheap (or free) money, and they are not going to give it to anybody but themselves. They will buy up all the cheap lands and anything valuables from the poor at a song. They will put up all sort of excuses for not lending to the people, just because money make money and they want it all to themselves.
So the final result is that the rich become very very rich and the poor become even poorer.
The luxury items will sells very well, but the industries that cater to the poor majority will be banckrupt and more people will be out of jobs.
This is the recipe for the Market collapse and massive social unrest.
The big man like AK with heaps of money will be even richer.
You and I will be poorer, hopefully not bankrupt !