Profile image
By BARRACUDA (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

QE3 Is Already Here – And No Media Coverage

Thursday, August 9, 2012 0:24
% of readers think this story is Fact. Add your two cents.

(Before It's News)

 
QE3 Is Here – In Repos : The federal reserve is not a federal agency. It’s a *private bank* owned by bankers, the whole thing is completely sickening. No different than me printing money (out of thin air) to get the banks assets and buy up the treasury bonds (which are a debt of the American people). You, the people will work to pay me back the loan + interest, on money I created out of thin air.I don’t see why the government has to borrow money from Federal reserve and and pay interest? when it can issue it’s own money. These banks create money as debt! – so they get interest on money they didn’t have in the first place!! Quantitative Easing : Desperately ill patients are willing to try drugs that have not been shown to be either effective or safe

Since when does the FED cares about the average person?? Private banks have a stake in the FED and receive a return. The FED isn’t even a government department. All they are doing is acquiring assets with the fiat money they create. The fractional reserve system is also such a scam. During QE1 and QE2, the government issued trillions of credits to the big banks at amazingly low interest rates like less than 0.25%. This was done in the hope that banks would lend this money to businesses to stimulate the economy, but that’s not what they did. What they did was use this money to leverage bets in the commodities market, essentially grabbing every futures contract on every commodity. This was guaranteed to make prices rise, which they did.Does anybody else see how our monetary system is rigged to benefit the rich bankers at everyone’s expense?http://geraldcelentechannel.blogspot.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 2 comments
  • Anonymous

    What a moron. He sees the necessity for the FED having to inject hundreds of millions directly into the market as a bullish sign. Everybody is a liar or a fool these days, how tiring.

  • Reality

    cant stop it– wake up

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.