Where the hell is your link or quote for this ''fact'' ?Blind groper wrote:To mistermack
There are two ways you can get away with printing more money without devaluing the currency.
1. You can print just enough to match the growth in GDP, which is what most nations try to do.
2. Uniquely to the USA, a lot more than that is printed (3 times, in fact) by selling the excess to other nations.
I'm not going to research it as you obviously have a solid source, or you wouldn't post it, would you?
But the link that I posted earlier specifically said that the US was NOT printing money. Even in the headline.
And :Another persistent view about QE that’s popular even inside the crowd that is properly skeptical of it is the notion that QE amounts to “money printing.” It does not. To be clear, the Federal Reserve has not been printing money. It hasn’t needed to, and that’s where the horrors of the Fed’s machinations become most apparent.
And Forbes seem to have a reputation in the financial world.What about the supposed “money printing” by the Fed? There’s once again no such thing occurring. Instead, the Fed is able to engage in its program of quantitative easing thanks to its 25 basis point payments for bank reserves. With the funds borrowed from banks, the Fed has the means to purchase all manner of Treasuries and mortgage bonds.
http://www.forbes.com/sites/johntamny/2 ... uch-worse/
So who do I believe? You, or a respected financial journal? That's a tricky one.
So a link to your source would be great.