Message from @JayJS

Discord ID: 607892955650588702


2019-08-05 11:05:32 UTC  

`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

2019-08-05 11:05:42 UTC  

i.e. increasing the money supply, or printing money

2019-08-05 11:05:59 UTC  

not necessarily by printing money

2019-08-05 11:06:04 UTC  

not literally printing bills

2019-08-05 11:06:13 UTC  

but the vast majority of money is digital now

2019-08-05 11:06:18 UTC  

they just put money into the system without printing it

2019-08-05 11:06:20 UTC  

so the distinction is meaningless

2019-08-05 11:06:43 UTC  

think like 85% of todays money is just ones and zeros

2019-08-05 11:06:56 UTC  

indeed around 90% or money is credit, the rest is cash

2019-08-05 11:07:14 UTC  

anyway back to the original point, QE absolutely was printing money

2019-08-05 11:07:35 UTC  

That is the main reason for US foreign meddling

2019-08-05 11:07:48 UTC  

They have the petrodollar as the world's largest currency

2019-08-05 11:08:00 UTC  

It's used everywhere in international trade

2019-08-05 11:08:23 UTC  

FED can then siphon wealth from the entire world by creating more dollars from nothing

2019-08-05 11:08:51 UTC  

If Hungary prints more forints, they will only steal from their own citizens

2019-08-05 11:09:07 UTC  

If US prints more dollars, they will steal from the entire global economy

2019-08-05 11:09:17 UTC  

It has the same effect as printing money, but doesn't print any more money

2019-08-05 11:09:19 UTC  

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

2019-08-05 11:09:25 UTC  

That's why they want to have petrodollar hegemony

2019-08-05 11:09:34 UTC  

Exactly

2019-08-05 11:10:03 UTC  

Libya did get "liberated" when they wanted to trade oil in Euros

2019-08-05 11:10:10 UTC  

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

2019-08-05 11:10:21 UTC  

`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,

2019-08-05 11:10:52 UTC  

Central Banks have massive amounts of cash and money reserves from the loans they give out to banks, they don't need to print

2019-08-05 11:11:00 UTC  

and yes a lot of credit as well

2019-08-05 11:12:28 UTC  

https://cdn.discordapp.com/attachments/372507611284766722/607893683982827520/11-what-if-the-bank-runs-out-of-money-some-8034293.png

2019-08-05 11:12:51 UTC  

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

2019-08-05 11:13:06 UTC  

`instead you pay for those debts and assets with money and credit you already have stored away`
😂

2019-08-05 11:13:08 UTC  

top kek

2019-08-05 11:14:01 UTC  

Central Banks have money reserves

2019-08-05 11:14:45 UTC  

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

2019-08-05 11:14:53 UTC  

they weren't buying with 'reserves'

2019-08-05 11:19:29 UTC  

the enormity of this scam is really mind-boggling

2019-08-05 11:19:33 UTC  

tbh

2019-08-05 11:25:00 UTC  

we need someone like him to run britain after we leave EU

2019-08-05 11:25:11 UTC  

a man of action

2019-08-05 11:25:34 UTC  

the west need more sane leaders

bitch pls he'd run out of money about 5mins after we left the EU

2019-08-05 11:27:14 UTC  

don't care