I expect everyone has heard there will be more QE.
This is nothing but a backdoor bailout for banks again. The money will not make it into the wide economy but will merely be used by the big banks to drive up stock prices, in this case primarily their own. It is a devaluing of our currency just to give banks a sugar rush. With inflation already at 5 percent the recent decision to print more is INSANITY. Indeed Einstein said that the definition of insanity
is doing the same thing over and over again and expecting a different result.
Printing money has NEVER worked. The US has had QE for the last few years and when it stops we are back to where we started. It is just a temporary fix but makes the problem way worse in the long run. Worse is we risk a complete collapse of our currency as a result. To put it into perspective the amount we have printed is more than the US in percentage terms. 275 billion is the same as the US printing 1.4 trillion.
EVERYONE MUST TRY AND PUT A STOP TO THIS MADNESS