Quantitative Easing – Crash Course Chapter 10

What exactly is this process that the world is betting on?

by Adam Taggart

Friday, August 22, 2014, 9:34 PM

http://www.peakprosperity.com/blog/86790/quantitative-easing-crash-course-chapter-10

Chapter 10 of the Crash Course is now publicly available and ready for watching below.

Here in 2014, the developed world is currently in the middle of the largest monetary experiment in all of history, one that spans the globe.

This is very important because when you strip away a lot of economic gobbled-gook, money is really a social contract. We agree that it has value, but otherwise it is backed by nothing more substantial than that; our mutual agreement.

Given this context, we should view money printing as really more of a social experiment than a sophisticated monetary practice.

And so we’re going to study it here as such because, when a nation’s money system breaks down, society as a whole is impacted. Commerce is heavily disrupted, shelves are cleared, careers are ruined, and the future is badly diminished.

At the exponential pace at which the Fed is increasing the money supply, and knowing the huge challenges the Fed – and most other world central banks – face in trying to stop or even slow down their money printing, the potential for a disruptive global inflationary period is very real.

So what exactly is quantitative easing?

For the best viewing experience, watch the above video in hi-definition (HD) and in expanded screen mode

Coming next Friday: Chapter 11: Inflation

For those who simply don’t want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com. The entire full new series, all 27 chapters of it, is available — now– to our enrolled users.

The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse

And for those who have yet to view it, be sure to watch the ‘Accelerated’ Crash Course — the under-1-hour condensation of the new 4.5-hour series. It’s a great vehicle for introducing new eyes to this material.

Transcript

Welcome to this chapter on Quantitative Easing, or “QE”.

Here in 2014, the developed world is currently in the middle of the largest monetary experiment in all of history, one that spans the globe.

This is very important because when you strip away a lot of economic gobbled-gook, money is really a social contract. We agree that it has value, but otherwise it is backed by nothing more substantial than that; our mutual agreement.

Given this context, we should view money printing as really more of a social experiment than a sophisticated monetary practice.

And so we’re going to study it

LINK

http://theunhivedmind.com/wordpress3/quantitative-easing-crash-course-chapter-10/