Wednesday, October 31, 2012

QE IS FAILING, AND THEY KNOW IT

"QE falls into a black hole. And it leads into an - if possible even larger - black hole. Ben Bernanke and Mario Draghi have neither the power nor the tools to stop deleveraging and debt deflation. That's just a myth they, and many with them who stand to benefit from that myth, like you to continue believing. It makes it all that much easier for them. That surge in excess bank reserves (see the second graph above) comes from QE. It is your money, everyone's money. And it does nothing to "heal" the economy you live in and depend on for your survival; it just takes away more of it all the time."

http://theautomaticearth.com/Finance/us-hyperinflation-is-a-myth.html  A MUST READ, if you have ANY hope of understanding what is going on.

D

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