Quantitative Un-Easing

Written By ROBBINHELL

COMIC #12

The myth about quantitative easing is that it creates money. This is factually incorrect because quantitative easing is simply an asset swap between a central bank and a commercial bank. In a fractional banking system, quantitative easing simply allows a commercial bank to lend more - if they choose. However, without lending and credit expansion by the commercial bank, new money is not created.

When the paper money has no value, the fiat dies. When the system forces a risk-averse grandmother into playing the roulette-style-stockmarket-wheel, we may be at the point of no return? I’ll take double zero, 3, 13, 23, 30,31,32,33,35, please and thank you, dealer.

ROBBINHELL
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