Monday, May 11, 2009

The Meaning of Quantitative Easing

What is quantitative easing? It is a central bank’s "purchase" of government securities (bills, notes, bonds) directly from the government.
Michael S. Rozeff describes the money manipulations of the Fed.
Quantitative easing is a resort to the money printing press. It means seizure and coercion of goods and services from the inhabitants of a country. But it also means either a government that is spending beyond its means, or one whose economy is not strong enough to generate financing by the usual means, or both.
The ingenious and diabolical juggling of funds to hide the looting of yet unborn Americans is not understood by most of us. This excellent analysis is highly recommended.

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