RE: Money-Printing Could Lead US into “Economic Ruin" ~ Jamie Redman … (Death of the Dollar–9) with Link to Full Story
Dear @majes.tytyty
The recent money-printing frenzy is just a lame attempt to avoid the inevitable crash.
In a way I understand what FED and other central banks are trying to do. Currently lack of liquidity is becoming a major problem and by printing more FIAT currency into the system this problem was supposed to be "removed".
However it's just postpoining mentioned crash (perhaps even by year or two) and making things worse. Mostly because majority of those new money are being as a QE or pumped straight into REPO market. Basically those money do not benefit real economy - it's almost all ending up in 'financial economy' and it's driving asset prices even higher.
So maybe object has been to stimulate economy, but that is just not happening. Wall street guys already found ways to put hands on most of those resources.
Upvoted already :)
Cheers, Piotr
Exactly! The money they pump does not go into the real economy, just into the financial system, where it's used to drive up asset prices / the stock market. The only ones who benefit from that money-pumping are the top 10% or so.
That money never trickles down to the middle class. On the other hand, the middle class ends up losing more and more ground to the elite, and the middle class is eventually hollowed out until it disappears.
As for the crash, it's long overdue. With the recent QE pumped into the repo market, many analysts say that this situation cannot continue for more than a few months before it causes a crash. Some say it'll come in April. We'll see ....