The balance sheets of the biggest Central Banks
of the world have already exploded, yet we have seen another round of QE
commenced by all of them again.
This point is missed on the many - where does any
Central Bank get the “power” to do that? It makes it up. It is a necessary action – do not spend time judging
it. What are the consequences?
To devalue the debts you must cheapen the
currency – it’s always been this way.
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