by Nick Hodge, Outsider Club:
We all know the ruse by now…
The Federal Reserve insists Quantitative Easing (QE), wherein money is magically created to buy Treasury debt and mortgage-backed securities, is a low interest rate policy meant to stimulate employment and economic growth.
The Krugmans and CNBCs of the world collude to support this ruse.
But I’ve pointed out for months now that QE is neither improving the employment picture nor stimulating economic growth.
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