The American Empire in a Changing World


Friday, October 19, 2012

''QE Infinity Won't Work, What the Banks Are Really Afraid Of ... ''

From Market Oracle
By Money Morning

''Thanks to the unholy combination of a fractional reserve system, leverage that at one point approached 100-1 on some instruments and the almost-total lack of supervision of unregulated trading activities for the last 12 years, estimates suggest there's only one "real" dollar in the system for every $10 they've created .

And nobody knows who's got it.''

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