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    Perhaps the German government secretly printed 55.5 billion euro and pretended it was already there, inventing an error in digital data.
    Or perhaps they didn't.

    As for Osborne's plan B, it was QE printing 75 billion quid.
    The easy way out.

    QE usually has an effect that starts months later, when the futures on stocks reach their expiry date. The price of futures cannot change, no matter what increase or decrease there may be in commodity prices. But once futures are sold off, commodities then readjust to their new value based on hard currency, usualy dollars, pounds and euro.

    QE can make hard currency resemble scrap-paper, and consequently the price of oil, gas, metals and other things on the world market goes up.
    As I said, this hits hard when the futures based on old prices (prior to QE) are used up and can no longer be traded, as the physical consignment of the commodities have been made to the end purchaser.

    So give it a few months, and we will see hard inflation due to more expensive imported energy, metal and other essential products.

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