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Pittsburg, Kansas | I'll bring up the argument before someone else does.
"There is no inflation because most money is loaned into existance and there is deleveraging so no inflation. Reserves only an accounting measure on the books of the banks."
B.S. The reserves are collateral that can be margined against. So the TBTF BANKS borrow against reserves (creating the new money) and buy assets to speculate at zero interest while granny gets nothing on her capital. The inflation is not in consumer goods because bankers only need so many golf balls. So they inflate the price of capital goods with the blessengs of politicians, regulators, and rich folk while the taxpayers and savers pay for their party.
It sucks and 99 out of 100 people are none the wiser. Makes me think we the idiot public deserve the screwing we are getting because we ask for always "more government, save us government". | |
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The 4.5 trillion dollar balance sheet. Continued QE
