The key note is your never get inflation if you restrict the new cash to the commercial banks (2008) because it will never change hands like the retail sector.
In a nutshell the retail economy is where the population at large is.
The chart I posted is the 10 treasury note or essentially the cost of money in the commercial economy, over a 10Y period.
It's the most risk free way to lend money because the government has to default to not pay it.
So when the government can't sell these Bonds or want to alter the price of these Bonds they get the central bank to buy them .(QE)
In the last 12 months something completely new is happening ,because no matter how much money they print it has no effect but drive the stock market.
The retail banks do not want to lend into a dodgy economy @ very low rates and this is how money is normally created.(unless it's on a house with good equity)
This is why commodities are going through the roof.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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