It is a perverse statement to compare quantitative easing with what Macquarie did. Todays QE in the US is more like handing the Rum Corps more rum. What the holey dollar and dump did was create liquidity for the lower classes and smash the cabal of the ruling class. The other advantage of Macquarie's was it was a closed system so to speak, and generally did not have debt leakage to other countires. Also, it was a real commodity, not something they could create every time they use a credit card
HE DESERVED IT
PubliusScipioA 11 months ago
It is a perverse statement to compare quantitative easing with what Macquarie did. Todays QE in the US is more like handing the Rum Corps more rum. What the holey dollar and dump did was create liquidity for the lower classes and smash the cabal of the ruling class. The other advantage of Macquarie's was it was a closed system so to speak, and generally did not have debt leakage to other countires. Also, it was a real commodity, not something they could create every time they use a credit card
capncrunch93able 1 year ago