QE 1 didn’t work, QE 2 didn’t work, QE 3 wont work. Obama along with the federal reserve, a private company think QE 3 will work when QE 1 and 2 didn’t work. Talk about doing the same failed policies over and over.
QE 3 has nothing to do with creating jobs, it’s a back door bail out for bankrupt global banks.
QE 3 puts more money into the rich and makes the rich richer, meanwhile the middle class is forced to pay the debt off and pay higher prices for goods. Commodity prices go up and it does nothing to stimulate the economy. QE 3 makes no jobs at all, it makes prices higher including energy prices. Overall QE 3 is just a scheme to slow down the collapse of the economy which will be world wide, at the same time making the rich bankers richer and the middle class poorer.
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