ShortSimon on Nostr: QE is not money printing What we use as money in the modern world is in fact not ...
QE is not money printing
What we use as money in the modern world is in fact not money at all. It is debt.
When the government does QE it creates more debt notes and it is increasing the size of the total debt.
The debt sits as a liability on the balance sheet of the banks.
Those banks also hold our savings, investments and pensions. The debts that have been taken on to finance the government deficits are liabilities that are offset against our savings.
The more QE the government does, the less our savings are worth.
We are paying for excessive government spending with our savings.
We vote for the politicians who are most able to successfully pull off this operation without us realising that we are spending ourselves into bankruptcy.
What we use as money in the modern world is in fact not money at all. It is debt.
When the government does QE it creates more debt notes and it is increasing the size of the total debt.
The debt sits as a liability on the balance sheet of the banks.
Those banks also hold our savings, investments and pensions. The debts that have been taken on to finance the government deficits are liabilities that are offset against our savings.
The more QE the government does, the less our savings are worth.
We are paying for excessive government spending with our savings.
We vote for the politicians who are most able to successfully pull off this operation without us realising that we are spending ourselves into bankruptcy.