Message from @JayJS
Discord ID: 607892955650588702
`Quantitative Easing is the Central Banks buying a shitload of debt`
with money that previously didn't exist
are you sure your union jack isn't upside down
i.e. increasing the money supply, or printing money
not necessarily by printing money
not literally printing bills
but the vast majority of money is digital now
they just put money into the system without printing it
so the distinction is meaningless
think like 85% of todays money is just ones and zeros
indeed around 90% or money is credit, the rest is cash
anyway back to the original point, QE absolutely was printing money
That is the main reason for US foreign meddling
They have the petrodollar as the world's largest currency
It's used everywhere in international trade
FED can then siphon wealth from the entire world by creating more dollars from nothing
If Hungary prints more forints, they will only steal from their own citizens
If US prints more dollars, they will steal from the entire global economy
It has the same effect as printing money, but doesn't print any more money
it a reason why every time a middle eastern nation have tried to trade it oil in other currencies they get a heavy rain of tomahawks missiles
That's why they want to have petrodollar hegemony
Libya did get "liberated" when they wanted to trade oil in Euros
It's a stimulus measure used unconventionally, made very famous during the 2008 recession. It does involve pumping more money into the system, however without actually printing any more of it
`It has the same effect as printing money, but doesn't print any more money
`
the problem is you're speaking as though money is only physical bills,
Central Banks have massive amounts of cash and money reserves from the loans they give out to banks, they don't need to print
and yes a lot of credit as well
actually printing money to pay for debt would be disastrous, instead you pay for those debts and assets with money and credit you already have stored away
`instead you pay for those debts and assets with money and credit you already have stored away`
😂
top kek
Central Banks have money reserves
the fed 'bought' over 3 trillion worth of worthless shit from insolvent banks
there's less than 2 trillion in physical us dollars in existence
they weren't buying with 'reserves'
the enormity of this scam is really mind-boggling
tbh
we need someone like him to run britain after we leave EU
a man of action
the west need more sane leaders
bitch pls he'd run out of money about 5mins after we left the EU
don't care