Quantitative Easing Explained

[olydog]

Fascinating explanation via animated video:

http://www.youtube.com/watch?v=PTUY16CkS-k

Question for iTulipers... is it accurate?

[ThePythonicCow]

Re: Quantitative Easing Explained

Question for iTulipers... is it accurate?

American President Franklin Delano Roosevelt is alleged to have said "In politics, nothing happens by accident. If it happens, you can bet it was planned that way."

The above animated video makes it seem that the Federal Reserve's actions of recent decades have been caused by incompetence and perhaps Goldman Sachs fraud.

The video does an entertaining job of presenting a cynically accurate albeit superficial view of recent Fed actions. However major actions in Trillion Dollar global financial markets do not happen by accident, nor even on account of the fraudulent behavior of one miscreant. If it happens, you can bet it was planned that way.

The planning may be deeply flawed. It may be the reflect deep seated conflicts of major players. Most participants, even key players, may not be fully aware of it. It may resemble the audience of a theater rushing the exits to escape a fire more than it does a well designed, well practiced and perfectly executed football play.

But there is more going on here than a stupid Fed and an evil Goldman Sachs. Quite a bit more.

Superficial analyses have a danger. They risk guiding us to superficial solutions, such as perhaps replacing the Fed chair with someone competent and imprisoning some Goldman Sachs officers. Such a "solution" would accomplish nothing, except provide some entertaining headlines alongside the antics of Madonna and Paris Hilton.

The fundamental problem, as best as I can see it presently, is that civilizations monetary system has been usurped by a debt-based system, in which all money, whether to nations, corporations or individuals, is lent into existence. This system provides immense and ever increasing power and wealth to a few very powerful and wealthy families who control the world's largest banks that lead, securitize and profit from that lending, and that by means of that indebtedness, acquire great control over the other institutions and individuals of society.

Never have so many owed so much to so few (apologies to Churchill.)

Corporations, governments and individuals now do the bidding of these powerful few. Once free and independent universities and news reporters are now beholden to these few. The yoke of tyranny is being strapped ever more tightly to the shoulders of once free Americans, and their immense military, economic and intelligence powers are being used to rain death, destruction and destitution on the heads of any people who might resist joining this world debt-based monetary system, or who might attempt to hold back the precious resources of their land from its multi-national corporations.

Superficial and symptomatic solutions are insufficient, or worse, being commonly usurped to further the ends of the underlying disease.

I look forward to the day that we see the buildings of the New York Fed, JPMorgan and the Bank of England go the way of the Berlin Wall, dismantled stone by stone at the hands of ordinary citizens.

I look forward to the day that the many and grievous frauds, crimes, genocides, and false flag events of the last century are publicly exposed, and their primary perpetrators (if still alive) are jailed, hung or in hiding.

I look forward to the day that a debt-based monetary system is the subject of ridicule in a chapter of our history books.

I look forward to the day that the common man is safe in his home from the invasion of a Federal SWAT team, and his common wife serves up once again nutritious food to their family.

I look forward to the day when most doctors and nurses are once again primarily educated in, practiced in and focused on providing economical, affective support to the health of their clients, rather than profits to large medical, legal and pharmaceutical corporations.