'At this point, we cannot turn on the daily news
without being fed a full meal of carefully-worded mumbo jumbo, designed to further overwhelm whatever
small voices of truth may be out there.'
Authored by Jeff Thomas: We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.” without being fed a full meal of carefully-worded mumbo jumbo, designed to further overwhelm whatever
small voices of truth may be out there.'
Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole story.
When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, it’s a bonus of epic proportions, given to banks by governments, at the expense of the taxpayer.