GoldMoney: QE for dummies
The Banking/Monetary system is both staggeringly simple, they push a button to create new money, and ridiculously complex, fractional reserve ratios, treasury bonds, interest rates, open market operations, M1, M2, etc.
In a new GoldMoney post PeakProsperity.com’s Chris Martenson helps to explain one part of this bizarre system, Quantitative Easing.
“Despite its sophisticated-sounding name, QE is nothing more complicated than the Fed buying ‘assets’ from commercial banks and other private financial institutions. I put assets in quotes because the Fed does not buy things like land, Stradivarius violins, diamonds, gold, or silver from these institutions, but rather various forms of debt.”