You asked
Ref: Quantitative easing (QE) i.e. printing fiat money – that is money not backed by goods or services.
As I understand matters, the country has a standing deficit of 1.3 trillion pound + interest in addition to which it has just announced it requires further QE borrowing of some 745 billion additional to that which is outstanding.
I would like to know to what extent this will dilute the value of the currency already in circulation, in 'real' terms? What rates of interest are involved and how is it proposed this indebtedness will be repaid, by whom and over what timescale.
We said
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