Liberty and Finance, Released on 8/14/21

Rob Kirby, proprietary analyst and founder of KirbyAnalytics.com, returns to Liberty and Finance to walk us through the likely but unthinkable outcomes, whether or not the Fed “Buys It All,” by fulfilling their promise to unleash “unlimited resources” and “permanently backstop” Wall Street markets and banks.

0:00 Intro
2:00 Emergency measures now “permanent” (repo, QE, YCC, junk bond & asset purchases..)
14:00 Sweetheart deal to banks: no-risk captive buyer of US bonds to prop up USD
20:00 Fed “unlimited funds/tools/facilities” to help/support/stimulate – Fed buying it all / owning it all / What are we doomed to become debt slaves to whom? US greatest financial asset = student debt!
34:00 Who’s really behind the US financial power

Article discussed in this interview:

The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow https://wallstreetonparade.com/2021/0…

Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto – and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada. He worked there up until September ’04 when he resigned to write about the markets – and his book – from a “gold bug’s” point of view. His website is called Kirby Analytics.