Top central banker warns money printing is spiraling out of control

Photo Credit: Natural News

Alarm Bells are sounding again in the arena of the economy as a top central banker is warning that money printing is spiraling out of control and could lead to lead to a deep financial crisis on a global scale. Financial Experts are warning of Quantitative Easing, especially now that central banks across the globe are also engaging in the practice — not just the U.S. Federal Reserve Bank. So what in the world is “Quantitative Easing”?  The definition of Quantitative Easing, in the most basic terms, is the practice of a government creating money out of thin air that can be used to increase lending, thereby stimulating spending, which — in theory — is supposed to be good for the economy.  William White, chairman of the Organisation for Economic Co-operation and Development’s (OECD) Review Committee, former chief economist of the Bank for International Settlements, and adviser to Angela Merkel, has warned that the continued use of QE will inevitably lead to a deep financial crisis on a global scale. SOURCE