BANKS GET FREE MONEY, YOU GET JACK-OLA

ENTER KEY

“Quantitative easing” (QE) is a fancy, bullshit banker term for “We’re going to give free money to banks and it’s going to come out of your pocket.”  Of course, as we all know by now, the money that was and is created as a part of QE (as well as all money in general) is created out of nothing; that is to say, one second the money didn’t exist, then a computer’s “Enter” key is pressed the next second, and suddenly the money exists in the next second!  Like magic!

In other words, it’s fake, it’s a ruse.  In fact, no less a source than The Economist magazine explains that QE is accomplished with “electronic cash that did not exist before.”

The money isn’t real, but the banks get to buy stuff with it.  Mostly they just pay themselves bonuses with it.

So keep that in mind as you read this Zero Hedge article, because the $3.2 trillion could be created at any time to accomplish any of the things on this list–because all money is fake.  But no,the $3.2 trillion was created simply to enrich the banks.  Even though it could be done, $3.2 trillion will never be created to do the things on the list in this article:

“The Federal Reserve has spent over $3.2 trillion in the post-Crisis era.  The bulk of this money printing has gone towards buying garbage mortgage securities or US Treasuries from Wall Street.   Because we’ve reached a point in time at which $1 trillion no longer sounds like a lot of money, we thought we’d go through the exercise of assessing just what the Fed could have done with this money besides give it to Wall Street.

 With $3.2 trillion, the Fed could have:

 1)   Mailed a check for $10,223 to every man, woman, and child in the US.

 2)   Bought back all of the US debt owned by China, Japan, Belgium as well as the debt acquired via investors through the Caribbean islands.

 3)   Bought all of France’s economy for a year (or the UK or Brazil depending on its preference) and still had $600 billion or more left over.

 4)   Performed leveraged buyouts of California and Texas.

 5)   Funded NASA for the next 188 years.

 6)   Treated every person on the planet to $200 five star dinners at one of New York’s top restaurants, along with a night’s stay in the Big Apple.

 7)   Bought every human being on earth a PlayStation 4 gaming console… and still had enough money left over to buy all of Peru and Ireland’s economies for a year.”

But that’s how this works–the rich get richer, and you…don’t.  In other words, the banks get free money, and you get jack-ola–the big goose egg, zip, zero, zilch, nada, nothing…

 

 

About eggsistense

Writer, musician, cartoonist, human being
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