In the US the Federal Reserve is expected to announce a new round of Quantitative Easing. The cost? Anywhere between $ 500 billion to 1 Trillion.
What not a lot of people know of course is that QE is a very old technique and is more commonly known as inflation or currency deflation. In other words it’s printing money out of thin air. Why we the average Joe don’t feel it as such yet is that money does not go straight away into the real world but is used to buy up long term securities, that means money is going into the banksters vaults.
Printing money does nothing to help the economy going, only real world jobs and real world opportunities do that, and everything to make already stinking rich banksters even more rich.
Another effect from the QE tool is that the value of the dollar held by countries like China will devalue steeply and perhaps force a counter measure such as printing an equal amount of the Chinese currency.
The most scary option could be that due to the steep devaluation of the dollar the dollar will loose it’s position as the worlds reserve currency leaving the already impoverished US population with valueless dollars and huge price rises for every basic necessity of life. It will mean the further collapse of the US and the need for an alternative currency.
It will mean the end of local currencies and therefore local independence.
Give me the right to print money and I care not who makes the laws was what Amsel the Rothchild said and he knew what he was talking about.
The Fed’s “QE2” risks accelerating the demise of the dollar-based currency system, perhaps leading to an unstable tripod with the euro and yuan, or a hybrid gold standard, or a multi-metal “bancor” along lines proposed by John Maynard Keynes in the 1940s.
China’s commerce ministry fired an irate broadside against Washington on Monday. “The continued and drastic US dollar depreciation recently has led countries including Japan, South Korea, and Thailand to intervene in the currency market, intensifying a ‘currency war’. In the mid-term, the US dollar will continue to weaken and gaming between major currencies will escalate,” it said.