QE had nothing to do with bailing out the economy, otherwise the fed wouldn’t be paying interest on its capital reserve accounts which induces banks to keep their QE surplus at the fed instead of lending it out. http://www.washingtonsblog.com/2011/07/confirmed-federal-reserve-policy-is-killing-lending-employment-and-the-economy.html http://www.washingtonsblog.com/2013/07/the-federal-reserve-is-bailing-out-foreign-banks-more-than-the-american-people-or-economy.html
The purpose of QE is to position the banksters for the firesale which will happen when people are desperate due to the depression the fed deliberately created AGAIN http://thoughtcrimeradio.net/2014/03/reprise-bernanke-admits-fed-caused-great-depression/ which parallels the shenanigans of the bank of canada http://thoughtcrimeradio.net/2014/05/canadas-deliberately-engineered-housing-bubble/ . They’re applying the shock doctrine on a global scale: http://thoughtcrimeradio.net/2013/08/palast-finds-smoking-gun-of-financial-crisis/ It’s a hell of a business model.
“The powers of financial capitalism had [a] far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences.”
— Carroll Quigley, Tragedy and Hope