Tuesday, August 9, 2011

Bob Chapman : they reduced the rating in order to have an excuse for starting QE3

Bob Chapman - Radio Liberty - 08 Aug 2011

Bob Chapman : the main point they are after is cutting back social security and medicare which the Americans have paid for , the money as stolen , by creating this special committee they want to bypass the congress , regarding the debt rating , they could have degraded it 15 years ago , they control the rating agencies , they wanted to correct the market they thought it is the right time , the main reason for reducing the rating is to have an excuse for doing a QE3 ,

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