Mega-Collapse Will Terrify People – Dr. Paul Craig Roberts, Audio Interview

from KingWorldNews:

“Most of it has been stuck in the banks because the banks are so busted they can’t afford to lend, and the consumers are so busted they can’t afford to borrow.

So the whole purpose of quantitative easing was to support the balance sheets of the four or five large banks. When the Fed buys Mortgage-Backed Securities or Treasuries, it raises the price of all debt-related derivatives. And since these banks have trillions of dollars of these things on their books, what the Fed has done with quantitative easing is to support the balance sheets of the banks.

Dr. Paul Craig Roberts Audio Interview @ KingWorldNews.com

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