Is QE a fraud?
Is all depends on individual understanding of the word QE. Quantitative of easing is the printing of new money for the money supply by central banks.
The new money are printed for few purposes. 1, To bailout failing banks that supports political parties. 2, To buy financial institutions bad debts.
QE is designed to help the richest by pushing their debts unto the poor.
The EU central banks has spent over $400 billions for the passed six months buying banks and financial institutions bad debts instead of investing the billions on EU youth unemployment.
Created on: 1 Nov 2016, 18:21
Last updated on: 8 Jul 2017, 18:55