How to waste £445 billion? (The Failure of Quantitative Easing)
Channel: Positive Money
Date: 2014-06-27

http://www.positivemoney.org/
In the years following the financial crisis, the UK wasted £445bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history. Here's how it happened and what would happen if the Bank of England had taken just a small fraction of the money they'd created, and put it into the real economy instead...

(Note: It was increased from £375 billion since the video was made to £445 billion.) 
--------------------------
SUBSCRIBE to Positive Money UK's videos:
http://www.youtube.com/subscription_center?add_user=PositiveMoneyUK

Like us on Facebook http://www.facebook.com/PositiveMoney
Follow us on Twitter http://www.twitter.com/PositiveMoneyUK
Follow us on Google+ http://www.positivemoney.org.uk/googleplus

Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org/
--------------------------
Animation by Henry Edmonds - http://www.heanimation.com

Help us caption & translate this video!

http://amara.org/v/EnAe/