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QE2 Shocker: The Whole $600 Billion Wound Up Offshore

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by: Ellen Brown, Truthout | News Analysis On June 30, QE2 ended with a whimper. The Fed’s second round of “quantitative easing” involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got the money, which went straight into the reserve accounts of banks, where […]

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