The truth is out: money is just an IOU, and the banks are rolling in it

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#10
Great article, thanks for sharing. Coming from a non economics background, any valuebuddies can help explain why the massive quantitative easing that USA has been has not resulted in hyperinflation in USA so far?? Is it because instead of money being spent in consumption, money instead flowed to equities inflation in USA and money flowing overseas to real estate inflation in countries like Singapore and Hong Kong?
From what I seemed to understand, China also had its own version of QE after 2008 crisis, except that it was less talked about.
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RE: The truth is out: money is just an IOU, and the banks are rolling in it - by financiallyfree - 27-03-2014, 09:19 PM

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