911

Quantitative Easing is best thought of as legalized pick pocketing at a crowded train station. Technically it is defined as the Central Bank buying assets normally held by the 1/10th of 1%. It officially began in Japan in 2001. Thus is what it does:
1) It buys worthless assets held by banks at 100 cents on the dollar. This subsidizes mortgage-backed securities (MBS) which were fraudulent. These purchases allowed the bankers who own the Federal Reserve to avoid doing jail time with common criminals.

Boris Abramovich Berezovsky died recently under mysterious circumstances. He had converted to Orthodox Christianity from Judaism. Forbes said he made 3 billion dollars by controlling state assets under his friend Boris Yeltsin’s presidency. Yeltsin was of Jewish descent. Yeltsin allowed 9 oligarchs and the Federal Reserve Bank of New York, the Harvard Endowment fund and others to loot the former Soviet citizens of 240 billion dollars. By the way, 8 of those 9 oligarchs happened to be Jewish.