Group of 30 global central banks admit QE failed and did nothing for economies

7:46 PM ben bernanke, bubbles, central banks, fed, money printing, qe, zero interest rates 5 Comments

It must be finally getting crunch time for the primary central banks around the world because on Oct. 10, the G30 group of global money printers admitted in a detailed report that the tens of trillions of dollars, euros, yen, and other currencies they have infused into the system has done absolutely nothing for local economies, and instead has accomplished what alternative economists stated would happen from the very beginning…

Create asset bubbles, un-payable debt, and assure that there would be no sustainable growth.

In addition to their ‘coming to Jesus’ moment, which may have occurred in September when the Fed found themselves unable to raise interest rates even a quarter point, the group of central banks are seeking to blame sovereign governments for failing to direct their printed monies where they would be most appropriate, and are deflecting their own failures elsewhere despite the fact that central banks like the Fed and ECB are outside of government controls to begin with.

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