They say that inflation is a hidden tax... and that's true... making it worth asking, who is that tax paid to ?
But, if inflation is a hidden tax... so is QE... as the wealth transfer doesn't occur by "money printing'... but by "debt printing". QE is not "money created out of thin air"... as it would be if it were money printing. Instead, it is money created out of an obligation... in the form of a debt... which transfers money to the banks... and transfers the obligation of having created it... as debts owed by you.
QE is the banks taking the asset in free money... and handing you the liability for having created it.
So, its the banks stealing from you, first, burying you in debt to pay for their theft, second, and then taxing you... WITH INTEREST... to pay for what they stole...
Money printing... would be WAY better than that ? But, that's not a limit, still ? Because it is the government that is letting them do that... but not just that ? The government also is a participant in the scam. It's not just QE that is being imposed on you as a debt... that's only the "bank portion" of the debt being handed to you... there's also a "government portion"...
The government portion includes "stimulus"... so, they obligate you to pay more debts to cover their spending... and give you a little bit of cash... which is a much smaller amount than you've just borrowed in order to get that cash... "Stimulus" means you took $100 out of an ATM on your credit card... the government took $90 of that, and gave you $10 "to spend however you want"...
Time vs. growth of the government debt... and the QE debt ?
Here's the "rosy scenario" presented in 2017, in which "it seems it works"... with $20 trillion in debt and $4.5 trillion in QE... just as they start to "unwind" the QE... by taking a couple hundred billion back out of the system. And, that's a tiny reduction that got us to 2020... when the "Repo" market started showing us things were melting down because of removing $200 billion of $4.5 trillion ? Shockingly, it seems banks "can't handle" having the QE backed out... at all ?
So, up to March, 2020... when they quit talking about how much Repo was happening ? Then, "the Fed's balance sheet"... the measure of the amount of QE... stood at $4.31 trillion. And, as of November 2020... it was 7.24 trillion ? From 900 billion to 4.5 trillion, an add of 3.6 trillion, took 7 years... from 2008 to 2015... all just trying to paper over the financial black hole the banks created with frauds in mortgage markets in a scam that exploded in 2008... which they're making you pay for. And, then, winding it back from 4.5 trillion to 4.3 trillion "caused a recession" the banks say ? But ramping it up from $4.3 trillion to $7.24 trillion, an add of 2.94 trillion... took only 8 months ? From an average of $43 billion a month between 2008 and 2015... to an average of $367.5 billion per month by September 2020... QE... only 8.5 times faster...
Will giving banks more wealth FASTER... work better ?
Can you feel it working ?
Meanwhile, the debt has grown in the same time... from "only" $20 trillion in 2017... to $28 trillion now... but the debt clock shows it is growing at more than $3 trillion per year now...even before Biden tacks on the $2 trillion in new "stimulus" BEFORE ramping up other spending.
The per citizen share of the QE, so far, is $21,927...
The per citizen share of the new 2 trillion dollar stimulus... $6,057... is what goes on your credit card.
How big is that check you're getting... to pay that $6,000 debt ? And, as rates rise... what will it cost ?
Should we ignore the "per taxpayer" math versus the "per citizen" math ?
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