Quantitative Easing 4ever and the Demise of the US Dollar

Dr. Betsy Bowman will explain how the Quantitative Easing policies of the US Federal Reserve have allowed corporations to buy back their own stock -- which was formerly illegal. These QE policies have also allowed the corporations’ executives, Boards of Directors and share-holders to enrich themselves while adding to the same corporations’ debt and the US debt. Intervention in the “repo” or repurchase agreements’ market (another form of QE) has further added to the US debt and has weakened the dollar. The US has long been the country with the largest debt in the world. The size of the US debt today is $20.5 Trillion dollars, with annual interest payments of $380 billion per year. This debt is casting doubt over the US dollar’s reserve currency status as fewer countries are buying US treasuries as their own reserves. Contrary to what is said, the US is now a poor country – like we used to think of Italy, Greece, China, etc. – where almost half of the population lives in or near the poverty level. The debt levels at every point in US society – students, credit cards, businesses, corporations, under-funded pension plans, governments – are unsustainable. The day of reckoning is coming.

When
Mar 12th, 2020 11:00 am
Location
Sala Quetzal
La Biblioteca Publica, Rejoj 50A, Centro
San Miguel de Allende, GUA 37700
Mexico
Events
Blurb Talk
Co-sponsor
Speakers Betsy Bowman
Fee 70 pesos

Upcoming Events

Monday, September 22, 2025 - 1:30pm
CST
Rebecca Grant
Location:
La Biblioteca, Sala Quezal, Insurgentes 25, Centro, San Miguel de Allende

Award-winning author Rebecca Grant discusses her latest book--Access, Inside the Abortion Underground and the Sixty-Year Battle for Reproductive Freedom. Access charts the reproductive freedom movement... Read more

Monday, September 29, 2025 - 1:30pm
CST
Lee Ragsdale and Erick Nava Palomino
Location:
La Biblioteca, Sala Quezal, Insurgentes 25, Centro, San Miguel de Allende

As the partner of a formerly incarcerated and deported person, Lee Ragsdale has personal experience with the effects of incarceration and deportation on families. Lee and her husband Erick will join us to talk about deportation and reintegration in Mexico, offering a snapshot of current immigration/deportation... Read more

Monday, October 13, 2025 - 1:30pm
CST
Film Screening
Followed by discussion with Brad Rockwell
Location:
La Biblioteca, Sala Quezal, Insurgentes 25, Centro, San Miguel de Allende

2025 Academy Award Nominee for Best Documentary

Remarkable largely unknown footage of a dramatic turning point in world history covering events over three continents concerning a tragic coup in the Congo. Featuring: Maya Angelou, Louis Armstrong, Dizzy... Read more