As QE2 ends, let us consider where the money went.
June 2, 2011 1 Comment
Well QE2 is supposed to be ending soon. Or something. The cranks at the Federal Reserve kind of make things up as they go along. But for now the whole thing can safely be considered a classic disaster, as central planning is wont to produce.
For the moment, let’s take a moment and consider where the money went. Behold two wonderful graphs:
ADJUSTED MONETARY BASE
You can draw your own conclusions here.
It is obvious that there will be QE3, QE4, QE5… and so on, until either the entire monetary system collapses or until the central banks stop printing money and produce the Great Depression II (aka Greatest Depression).