Tuesday, April 15, 2014

The Real Purpose of QE

It’s Not Employment Free markets are a function of supply and demand whereas capital markets are a function of credit and debt The bankers’ ponzi-scheme – which began with the distortion of free markets in 1694 when the Bank of England began issuing debt-based paper banknotes alongside the Royal Mint’s gold and silver coins – is coming to an end. The bankers’ wildly successful and long-running scheme, dependent on the uneasy equilibrium between credit and debt, has now been irrevocably destabilized. Aggregate levels of debt are now so high that credit—no matter how cheap and available—cannot restore the balance. The Achilles heel of the bankers’ scheme is its need to constantly expand to pay the constantly compounding debts created by capitalism’s expansion and contraction cycles; and as long as growth is relative to the supply and demand needs of the underlying economy, bankers are able to skim off societal productivity in the form of compounding interest, i.e.



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