I would like someone to explain to me how central banks get money for “quantitative easing.”
The Federal Reserve now sits on $4.5 trillion of purchased Government and agency bonds. World-wide, central bank “balance sheets” are north of $15 Trillion. The Japanese Central Bank is the largest shareholder in 90% of the Nikkei index companies. The ECB buys so many bonds, many German government bonds pay NEGATIVE interest rates. The list of central bank perversity is endless.
Is this not sheer money-printing, designed to manipulate markets and interest rates, support governments, with the consequence of simply making member banks and the rich even richer?
Central Banks create money out of thin air. They can then use this money to be the lender of last resort in a financial panic.
That's why central banks were created.
Is this not sheer money-printing, designed to manipulate markets and interest rates, support governments,
Yes. Absolutely.