Author Topic: QE  (Read 1061 times)

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Offline Libertas

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« on: March 15, 2011, 09:40:01 PM »
A goodly amount of info, but worth the read if you are up to it or cannot sleep!

As a side note, what we now call QE was called "debasing" back in feudal times.  Kings would call in all gold and silver with promises to return to the people coinage of equal valueFace value, that is.  The King would have all the metal melted down on then he would have it diluted by base metals and minted into new coins, with the King pocketing the skimmed off portion.  The people, by and large, knew nothing different and got their coins back.  The other nobles knew what was up of course, so this hidden tax was not employed too often, or nobles would band together and war against their King, slay him, and establish a new King.

The only difference now is, it is a lot easier to print a sh*tload of money and throw it out into circulation.  But the effect is the same.  So should the remedy of the people, should their eyes be opened.  Problem now is, by the time most eyes are opened, it will already be too late.
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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