Euro zone central banks printed billions of euros before QE | WHAT REALLY HAPPENED


Euro zone central banks printed billions of euros before QE

Euro zone central banks have quietly bought hundreds of billions of euros worth of assets over the past decade using an obscure facility that allows them to print some money for purposes other than monetary policy, an academic study has revealed.

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In other words, the ECB counterfeited billions of paper Euros to purchase hard assets!

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