Quantitative Easing explained - in 70 seconds

The European Central Bank has announced it will embark on a massive programme of quantitative easing worth more than €1tn and aimed at stimulating the Eurozone economy. But what does quantitative easing mean? And why is this taking place now? BBC News explains - in 70 seconds.

[wacky]

Was it just me, or did that not really explain Quantitative Easing at all?

[ibpn]

I can do it faster.
a desperate attempt to save a nations fiat currency, that will end in failure.

[robgoren]

Next time you go bankrupt, tell the banks you want a few rounds of QE, whereby you'll be printing cash on your counterfeiting machine to buy their bonds to liquidate your debts, continue gambling on the markets, and reap huge profits from the interest on those bonds.