A palliative term to cover the older voters distaste for simply "Printing Money" which has no backing.
Does anyone know where and in approximately what amounts the money was distributed?
It is a well known fact-of-life, when there is such a mountain of money being handled, it is a certainty that some of it will stick to some fingers. Is anyone on the lookout for people in government suddenly show a great deal of 'new wealth?'
It is my suspicion that a large chunk of it is being used to keep payrolls afloat until after the election. Then I think we shall, as in the early nineties, learn to hate the reporting of daily job losses and foreign exchange in the news.
Old Salt........................retired, fixed income and very worried about inflation
I don't think it quite works like that. There aren't piles of £20 notes printed off that governement officials etc can pocket.
The quantitative easing has been successful until now at keeping the economy moving; it is also masking some major underlying problems; but there may well be consequences in a year or so for inflation.
They don't usually steal cash factor30, but, somehow they use the leverage given to them by controlling all those funds to significantly enhance their personal wealth.
And they always seem to find a way to make a big personal profit using our money.
And it is very hard to tell the difference between the bad guys and the good guys
OS
all the "printed" money was used to buy securities. This gives the government assetts and the money then enters the system via the financial institutions. The assetts are fed back in later and it is even possible that it could be torn up, electronically of course.
Thanks R1Geezer, that is the first easy to understand explanation I have ever seen.
Let us hope that 'our loan' get repaid
But it sure does amaze me factor30, how someone can go into politics with very little money, and very quickly seem to be worth a great deal of money. No everyone, but a goodly number
Today's news about 4 politicians feathering their nests by selling consultancy services certainly supports your views OS, but I still don't think this has any link to Quantitative Easing
I hope you are still around Old Salt. The most credible explanation I have heard about Quantitative Easing is, a government issues Government Bonds and that same government's Central Bank buys ALL those Government Bonds using money fabricated electronically. ( the Electronic Magic Money Tree )