QE for People

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David Frederick PrestonI wish I did Jim; nothing can change with the current Government in power & the uncertainty of Brexit hanging around us. If those experts had ever got one forecast in ten correct, or the Governing party actually told the truth about what they planned to do, then it may be possible to put togethe...

5 days ago

medialAxisI don't know the answer to your question but, AIUI private individuals don't hold reserve currency and yet QE (which is the 'printing' of reserves, AIUI,) benefits the 1%, yes? As T. May admits....

5 days ago

James MurrayGruffydd,I had to look up SDRs or XDRs as their acronyms seem to be.I understand they can only be used by a country and not an individual.I therefore cannot see how they will protect the wealth of the 1% specifically.Can you explain or send a link?Jim Murray...

5 days ago
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Marco Saba"...the FED was able to buy unlimited quantities of Treasury securities outright, through the creation of central bank reserves" - here is the problem. By submitting the Treasury to a private banking cartel to borrow new money it sound like a submission perversion of the powers of the Congress to th...

February 2016
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RJWhat do you think James about paying interest on excess reserves? QE resulted in bonds being bought back from the public. This resulted in-The sellers holding more cash (bank credit) but also- The banks holding more excess reservesNow if QE was £1 trillion and interest on excess reserves was 0.5%. ...

January 2016

James Murray RJAbsolute nonsense!AGAIN you're trying feebly to confuse the issue so that casual readers will be put off.Just as you have been all along with your false paeans to double entry bookkeeping and its journal entries.Modern day Governments DO NOT create money by transferring between reserves at the th...

January 2016

RJits easy to proveWhat happens when the BoE buys back bonds. Say I sell bonds and bank at the BoS. I get extra money. The BoS end up with more reserves. Sothe Bank of Scotland JEs areDEBIT BoE reservesCREDIT My bank account = NEW MONEYSo bonds repurchases create new money. And Bond sales destroy mone...

January 2016
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Who are the Prominent Economists Working in the Financial Sector that Advocate a Different Type of QE?

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Did you know that there are a number of prominent economists working in the financial sector that are in favour of a different type of QE? Is it surprising that they are in favour of central banks creating new money for the real economy rather than the financial markets?

RJok well do. tomorrowOk can I ask you some basic questions1 How do you think banks should settle with each other if someone transfers money back home say from the UK to Aust.2 How big an impact did floating currencies and moving off the gold standard have.3 Is debt free money possible. And if so what...

January 2016

Justin WalkerThat's fine, but please read my effort here http://www.thebcgroup.co.uk......

January 2016

RJWe will have to agree to disagree on this point. And some people deliberately plant misinformation. To lead the public down a blind alley. Even those supposed on our side....

January 2016
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