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Head of Zimbabwe Central Bank explains QE3

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Gideon Gono, the governor of the Reserve Bank of Zimbabwe who destroyed the Zim dollar by creating hyperinflation, weighs in on the parallels between QE3 and the policy he followed last decade.

Even though Ben Bernanke and Mario Draghi and all other central bankers will try to convince you that what they are doing is different to what Gideon Gono did, you should really be taking Gideon Gono more seriously, who is basically admitting that the money printing strategy does not work to 'stimulate' growth. All it can stimulate are high- and hyperinflation risks.

(Full article at ZeroHedge.com)

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