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..
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