Printing money is old hat. Quantitative easing is the new kid on the block. Actually a spotty teenager by now. The Monetary Policy Committee is chewing over whether to "pump more money" into the system. Who is being consulted on all this? Bernie Madoff in his jail cell?I'd like to know, if this new QE idea gets the nod, which computer button gets pushed and from where does the "pumping" start? BP doesn't bother with empty wells so is the MPC any different?
Commenting on this Guardian article, Snix says -
"How much longer will this giant ponzi scheme go on for ? Who will decide to revert to the gold standard first? Those left holding worthless currencies will look so foolish. Better go and tend my garden."
Giant ponzi scheme indeed. It seems there's one rule for Bernie Madoff and another for the central bankers. But are they any different?
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