Saturday, October 22, 2011

What Quantitative Easing Really Means

Click here to access article by Ismael Hossein-zadeh from OpEd News.

Exotic terms like "quantitative easing" are bandied about endlessly in the media without any clarification of what such terms means. This is done deliberately to keep you ignorant about the crimes being committed by the financial aristocracy.

In an otherwise excellent explanation of the term and how the banks benefit from it, he fails to explain that the banks use these Fed created funds, for which they pay only .25% interest, to buy 5 year Treasury bonds that obligate the government (that's us taxpayers) to pay them 2.5% interest!