http://revolutionradio.org/?p=9111 Your Weapon of Mass Destruction Fri, 17 May 2013 13:44:13 +0000 hourly 1 http://wordpress.org/?v=3.0 http://revolutionradio.org/?p=9111&cpage=1#comment-13029 Atlanta Painters HQ Mon, 06 Dec 2010 12:43:35 +0000 http://revolutionradio.org/?p=9111#comment-13029 QE does not put a single cent 'into the economy'. It is a vast paper shuffling exercise between government, central bank and commercial banks (who are more or less the same thing, especially in the USA). The balance sheet of an individual entity within this closed system might change, because bits of paper are shuffled back and forth at above or below market value, but the consolidated balance sheet of government + central bank + commercial banks looks more or less exactly the same before and after. QE does not put a single cent ‘into the economy’. It is a vast paper shuffling exercise between government, central bank and commercial banks (who are more or less the same thing, especially in the USA). The balance sheet of an individual entity within this closed system might change, because bits of paper are shuffled back and forth at above or below market value, but the consolidated balance sheet of government + central bank + commercial banks looks more or less exactly the same before and after.

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