QE Blasphemer

A friend of mine recently commented  "QE will save us, there will be massive, coordinated, Global Stimulus over the weekend ".

To think QE is an economic stimulus is a public misconception. You can see how QE has "worked" so far and its tapped out on the mat due to market distortions, making true price discovery impossible.  

To be clear QE, ZIRP and NIRP are helicopter money for the banksters, Wall Street and the 1%, good for the them and asset inflation, not good for Main Street. QE is NOT economic stimulus because dollars are NOT printed and the manna from heaven is not distributed to the public at large, nor does it benefit them. 

Nobody is going to print up anything over the weekend because that would require bond sales, treasury coordinaton and the liquidity to have the sales. The only thing coming is a chump pump from current liquidations, waiting for the greater fool (read John Q Public) to buy in.

I'm not even going to go into rehypothecation, so I'll make this real simple…  you can't stimulate what isn't there and you could not print up enough to do so. As in underlying real dollars to support the global house of debt built upon unregulated credit based ED (eurodollars).

Why do you think systemic liquidity is an issue? Simple, there's not enough to go around. The irony is, the central banks and banks themselves are "short" of the very thing that is necessary, and that everyone is "short on" with all the debt driven consumption and bubbles. Go ahead, try putting out a fire with gasoline and watch what ensues. This is turning into a systemic liquidity trap, and China is on the verge of becoming the singularity.