TBT - The Destructive Force And Failure Of QE

• This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail.
• The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government finances, will become too great in 2021 for it to succeed without undermining fiat currencies and financial markets.
• To help readers to understand why QE will fail, this article describes how its objectives have changed from stimulating the economy by raising asset prices, to financing rapidly increasing government budget deficits.

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