Isn’t quantitative easing another way to devalue monies already in circulation, thereby sabotaging the purchasing-power of the average citizen?
In a word, yes.
But that's just so much collateral damage in their eyes. The important thing is to keep the banking system afloat and to maintain the support of the politicians who use spending to stay in office.
Monetization of debt = Theft via inflation.
The term “Quantitative Easing” is in and of itself a fraud being perpetrated on America so that this government can put off collapse until “they” are out of office.
If the federal government spends 4 trillion but takes in 2 trillion they must sell bonds! The buyer of these bonds historically have been foreign government’s and institutions. The fed, under Bernanke, created Quantitative Easing so that the program would be up and running when the US could not sell bonds anymore. The governments and institutions around the world that are willing to buy our bonds are fewer and fewer.
So, get ready! As Peter Schiff said, the shit is about to hit the fan.