Re: Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion.
money printing is bailing out the banksters yet the banksters have a whack of cash on deposit... this is worthy of acknowledgement.... evans pritcahrd is promoting a new qe wherein real assets within the economy are bought up... real wealth producing assets.. and as the government can't run them efficiently well the bankster have a whack of cash with which to finance the oligarchs who will step forward and run the show...
money printing in the end is not going to do anything but undermine and destroy the economy... it is the dollars role as the worlds reserve currency that has allowed these dopes to get away with it thus far.... but this ain't kansas anymore.. and it is abject terror that has forced bernanke to bob and weave for the last couple of years on to QE or not to QE .. The last big announcement was met with a crushing rejection from the rest of the world.. america could not take another hit like that and remain economically viable for long....the nations sitting on their dollar mountains will look after their self interest in the end.. even evans ambrose wants to use QE to print up money and then buy real wealth producing assets in the economy
BECAUSE
the chinese and the other dollar mountain holders are doing just that aren't they?
and they are taking what the bankster predators want to claim as their own ... the real wealth generating engines of the nation...