Saturday Sep 14, 2024
Understanding QE
QE was, and always will be a sham to disguise the fact that a central bank is lending money to the government that owns it. In this video I explain the ins and outs, and costs, of this ridiculous denial of the truth.
1 years ago
Great explanation but numpties like me need a bit more clarification please. In the part..... ”The Bank of England extended an overdraft to the government, and the government spent.....” ... ending with.... (missed out some steps due to lack of characters) ”But, almost immediately, the Bank of England returned that money to the financial markets by repurchasing bonds to equivalent amount to the value of the bonds just issued.”.... at which point is the money created?