Monday, February 27, 2012
Central Banks Around The World Are Printing Money Like Crazy!
The Degree to which central banks are printing money is unprecedented.
The article below shows you the balance sheets of the eight largest central banks in the world. A central bank is a bank of issue and it does not use reserves to purchase financial instruments. The bank purchases securities, bonds and other things with computer entries that it makes in a sense printing money and in actuality creating it out of thin air.
By James Bianco Jan 27th 2012
Click here to see the charts and read his article..