This is a good appraisal of the downside of qe TUX and i dont disagree with it. William Hagues points are all relevant. If we solve a debt crisis by borrowing more just doesnt sound right. If central banks keep IR low this can only be negative for savers (mostly old people) and good for younger people who are able to borrow money cheaply.

I only disagree when apportioning blame onto politicians. I know we all like to blame them for everything but they are not responsible for central bank (bofe or Fed) policy so cant impact monetary policy (IR, QE or money supply).
The current policies certainly favours the 'elites' who can borrow money very cheaply at the expense of savers but surely this would benefit Donald more than Hillary given his entreprenerial and business background....although i wouldnt blame donald either.

And the flipside of not having low IR QE or increased money supply could have meant we entered a huge 1930s style depression after the financial crisis.

The above policies weaken currencies and people on here have argued this is a positive for the uk after brexit but again the flipside is that the Uk economy has plunged by 17% in us$ terms. With total uk gdp of 2.8trillion,this has effectively cost the uk economy £476billion....which might be good for international property buyers (i.e elites) buying up our already short supply of housing at a discount but poor uk citizens will shoulder the burden...we can again blame politicians for this loss but all the main political parties (except UKIP and DUP) did not support this collapse.

Again i agree with your comments, easy moneary policy just means that real wealth passes from the poorest to the richest in society. Interest rates were reduced further and qe increased after brexit so the damage on the poor and older members of society is set to get worse.
The economic environment being created is IMO setting us up for a socialist revolution, which some may like but we are going to go through considerably more pain before we get there

So following the glorious revolution, everything will be great, poverty will be abolished, everyone will be exactly equal, all sections of society will merge as of one and get on together and everyone will live happily for ever after?

Sorry kerm old fruit that is the biggest load of sensationalist buffoonery I have ever read on these boards, and I include some of the absolute drivel written in Palace Talk !!

We catorgorically will not lose access to the EU Market as to bar us would mean the EU would almost certainly collapse without our imports from it.

higher prices for food stuffs ? honestly where do you get this drivel have you been reading comrade Gussett's links again ?

Lost tax revenues ? name me one Giant of commerce whose decided to leave the UK because of the EU vote. ? Again more biased nonsense masquerading as fact.

Less Security ( a subject close to my heart as you well know) we will remain as we have for years one of the major players in NATO, Brexit has nowt to do with that, as for our security services suffering because of Brexit ??? Ask yourself this when was the last large scale terror attack on the mainland ? Then compare that time scale to continental Europe. We are light years ahead of our EU cousins in counter intelligence as we have been dealing with it successfully since the 60's.

Brexit affecting Pollution in our seas and rivers ? are you actually smoking bath salts.

Sorry Buddy but your entire post is anti Brexit hogwash