It's the equivalent of this!!
This is usually a 'last ditch' effort to save the economy, when everything else has failed
Read the description.
Beck was right about Cloward-Piven
".[1] A central bank implements quantitative easing by first crediting its own account with money it creates ex nihilo ("out of nothing").[2] It then purchases financial assets, including government bonds, agency debt, mortgage-backed securities and corporate bonds, from banks and other financial institutions in a process referred to as open market operations. The purchases, by way of account deposits, give banks the excess reserves required for them to create new money, and thus hopefully induce a stimulation of the economy, by the process of deposit multiplication from increased lending in the fractional reserve banking system. Risks include the policy being more effective than intended, spurring hyperinflation, or the risk of not being effective enough, if banks opt simply to sit on the additional cash in order to increase their capital reserves in a climate of increasing defaults in their present loan portfolio.[2] "Quantitative" refers to the fact that a specific quantity of money is being created; "easing" refers to reducing the pressure on banks.[3] However, another explanation is that the name comes from the Japanese-language expression for "stimulatory monetary policy", which uses the term "easing".[4] Quantitative easing is sometimes colloquially described as "printing money" although in reality the money is simply shifted from member bank dollar deposits to financial instruments.[5] Examples of economies where this policy has been used include Japan during the early 2000s, and the United States, the United Kingdom and the Eurozone during the global financial crisis of 2008–the present, since the programme is suitable for economies where the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero."
QE is beyond stupid. There is no good outcome.
Prices rise, foreign investors get pissed, and the dollar becomes worthless.
I hope the new Congress blocks this madness.
is anarchy in slow motion.
It's the equivalent of this!!