Comment: The banks are hoarding....

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In reply to comment: What do you mean by hoarding? (see in situ)

The banks are hoarding....

to keep their financial sheets afloat. Most of the "bailout" money from 2008 was stuffed into the big US banks accounts to offset the mortgage derivatives losses. The banks cannot let this money go (or lend it) because if they do they can't even pretend to not be bankrupt anymore.

Since 2008 most of big batches of new fake money have gone to FOREIGN banks that are stuffing in it in their coffers for the same reasons. To offset their losses from the even wider array of global derivatives they loaned as "assets" to governments and corporations for pensions, infrastructure, repayment of foreign loans (IMF), etc.. (the mess you see unfolding in Europe right now)

Money sitting in bank coffers does not cause inflation in the open economy because it is not "in the wild" in use in the domestic/consumer economy...

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~wobbles but doesn't fall down~