QE is a wealth extraction mechanism. If QE didn't exist the entire planet would be completely different today. Maybe 5% of the world's population truly grasps this, which is a major problem since we can't have proper debates if we don't understand how power and money really work.
For one thing, if QE wasn't an option ten years ago, the entire economy would have been forced to restructure in a massive way. Globally. We would've been forced to engage in real debates about policy and the kind of world we want to live in. Because of QE none of this happened.
QE is what not only kept the oligarchy in place, it allowed them to consolidate gains. Criminal fraud was rewarded and a corrupt, pernicious and predatory system was kept afloat intentionally. QE prevented the natural restructuring that should occur when something big breaks.
QE has entrenched the biggest scoundrels in society into positions of ever greater power. That was the whole point. The entire point was to keep you in debt and them in power, and that's precisely what's happened. Follow the money, especially those with a license to print it.
Oh, and this is also why the Fed is so scared to admit what it's doing now is QE. They know it's a scam. They know who benefits and who doesn't. They don't want you to know.
