QUANTITATIVE EASING INTO ECONOMIC DEATH
The term quantitative easing disguises the incredible absurdity of governments borrowing from themselves. The practice first emerged in the 1990s when deflation forced the Japanese to do so in order to keep its vulnerable economy afloat.
It is no coincidence that quantitative easing is now being adopted by the US and UK nor is it a good sign that it is being done. Quantitative easing is a sign that deflation has reached a level where governments cannot survive unless extreme measures are implemented.
…when a government resorts to quantitative easing, it shows that it has run out of other means to finance its endeavors. It has reached the end of the line.
The Meaning of Quantitative Easing, Michael S. Rozeff
We are now witness to otherwise bankrupt nations with contracting economies planning to re-spend themselves back into prosperity on borrowed money—money to be borrowed from themselves.
The US, the UK and Japan—the economic troika of the living dead—are all engaged in quantitative easing and are now in the last stages of capital destruction and economic collapse. [more]