{"id":49314,"date":"2019-10-31T12:06:50","date_gmt":"2019-10-31T17:06:50","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49314"},"modified":"2019-10-31T12:06:55","modified_gmt":"2019-10-31T17:06:55","slug":"how-qe-has-radically-changed-the-nature-of-the-wests-financial-system","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49314","title":{"rendered":"How QE has radically changed the nature of the West\u2019s financial system."},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/thesaker.is\/how-qe-has-radically-changed-the-nature-of-the-wests-financial-system\/\">How QE has radically changed the nature of the West\u2019s financial system.<\/a><\/h3>\n\n\n\n<p>Because they are so ensconsed in their little bubble and because they profit so much from maintaining the status quo, Western mainstream media pundits don\u2019t \u2013 or perhaps can\u2019t \u2013 admit how Quantitative Easing policies have so quickly and so radically changed the financial system of the West and their satellites.<\/p>\n\n\n\n<p>I imagine that most everyone reading this is already aware of what has transpired economically across the West over the last decade:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Elite-class asset (stuff rich people own \u2013 stocks, real estate, financial derivatives, luxury goods, etc.) prices have ballooned to pre-2008 levels.<\/li><li>Debt (which is, of course, another elite-owned asset), mainly to pay for banker bailouts and their usurious interest levels, has ballooned national accounts to incredible levels.<\/li><li>The \u201creal\u201d economy has only weakened, as proven by endemic low economic growth across the West and Japan.<\/li><\/ul>\n\n\n\n<p>As a pro-socialist who has no faith that capitalism seeks anything but inequality, I believe that creating and compounding these issues has been the unstated goal of Western policy over the last decade. But that\u2019s not the main point: what cannot be denied is that those ARE the economic results of the West\u2019s \u201ceasy money\u201d policies \u2013 i.e., QE and ZIRP (Zero percent interest rate policy) for the 1%, and austerity for the 99% (all coins have two sides).<\/p>\n\n\n\n<p>Similarly, I imagine that everyone reading this is generally aware of what will happen should the West stop easy money: obviously, once artificial demand is no longer being fabricated then these assets will plummet in value, with huge ripple effects in the \u201creal\u201d economy. The West will be right back to dealing with most of the same toxic assets they had back in 2007, but now compounded by a decade of more debt, more interest payments, and a \u201creal\u201d economy which was made weaker via austerity.<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How QE has radically changed the nature of the West\u2019s financial system. Because they are so ensconsed in their little bubble and because they profit so much from maintaining the status quo, Western mainstream media pundits don\u2019t \u2013 or perhaps can\u2019t \u2013 admit how Quantitative Easing policies have so quickly and so radically changed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1799,124,195,661,662,17763,19321],"class_list":["post-49314","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubbles","tag-central-banks","tag-debt","tag-qe","tag-quantitative-easing","tag-ramin-mazaheri","tag-western-society"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49314"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49314\/revisions"}],"predecessor-version":[{"id":49315,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49314\/revisions\/49315"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}