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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (56868)	1/28/2015 6:04:39 AM
From: robert b furman	1 Recommendation Recommended By marcher Respond to of 71456

QE is a wealth/debt transfer, Your description is excellently expressed. QE has been a debt transfer, from investment banks, to FDIC banks, to sovereign central bank debt. Central bank debt is being slowly payed back by original loan recipients - those that have not defaulted. Much of that debt has been refinanced at lower costs, accelerating the rate of reduction. The countries that transferred the debt and accelerated the pay down (US AND UK) are benefitting after a long lag. 15 to 30 year mortgages lag even with a ZIRP in effect for 7 years. Makes one wonder if all that collateralized debt created by well intended politicians was ever intended to be payed back? - or just that huge of an unintended consequence? Amazing generational screw ups. Bob