Rob Kirby – Globalism True Enemy of Humanity & America
by Greg Hunter
USA Watchdog
Macroeconomic analyst Rob Kirby has long predicted Fed money printing would have to go “on a vertical curve where money has to be added to the system . . . to keep the system from crapping out and imploding.” With the official federal debt at more than $25 trillion and the Fed balance sheet doubling since September, that day has clearly arrived. Add to that total the rarely talked about so-called “missing money” that stands at $21 trillion and money printing is off the charts. Kirby explains, “The $21 trillion and the $10 trillion in 2019 is the part of the money creation we don’t get to see. There is no transparency on that at all. What we do get to see, though, is the Fed in the last three months reversed their quantitative tightening and are now expanding their balance sheet, once again. Their balance sheet has grown from $3.7 trillion, at the beginning of the year, to more than $7 trillion right now, and it’s projected to get as high as $10 trillion to $11 trillion by the end of the year. So, we have money creation happening in spades . . . and the game to hide the rampant monetary debasement has no end. It’s Keynesian quackery with money.”