Thursday, 26 March 2015
Not helping or making any difference..................from Rico
This chart represents what $11 trillion in world Central Bank QE from 2008-2014 accomplished.
Apart from propping up some very large zombie banks and protecting them from their gambling addiction and resultant insolvency, NONE of this QE money either helped or made any difference to the 'little people' .....
The crazy idea that another trillion in QE, either in Europe or China or the US, would make ANY difference to their imports/exports and/or their economies is, well, .......Krugmanesque [read; nutty].
Any additional QE money will only go to the bankers. Again.
- Nothing else (employment/unemployment, wages, standards of living) will be increased (except for taxes) and the world's population will remain debt and tax slaves to their banking masters.
From Theo Spark at 22:10
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