Tuesday, February 4, 2014

QE was simply another form of bailout for insolvent banks

On Feb. 3, economist and statistician Rob Kirby was a guest on Greg Hunter’s USA Watchdog network.  During the 39 minute interview, Kirby blows the door wide open on the true purpose for Quantitative Easing 3(QE3), and says that empirical data shows that the entire scheme was created to provide another trillion dollar bailout of the banks, which were officially insolvent from their collection of worthless Mortgage Backed Security (MBS) holdings.

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