“As recently as five years ago, it would have been unheard of for a Wall Street insider and former Fed official to speak so bluntly about how the Fed acts as a reverse Robin Hood. But a quick glance at the latest unemployment numbers shows that QE is not benefiting the average American. It is increasingly obvious that the Fed’s post-2008 policies of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. It would be a mistake to think that QE is the first time the Fed‘s policies have benefited the well-to-do at the expense of the average American. The Fed’s polices have always benefited crony capitalists and big spending politicians.”
Related posts:
Trump Stands His Ground Versus The War Party
Trump fires Attorney General for refusing to defend struck-down travel ban
Gun Violence is Not a Republican Problem
What Turbulent Times Mean for Gold
The "Essential" Role of Tax Havens
US Media Shops North Korea, Russia 'Doomsday' Nuke Narratives
War Profiteers, Slavery, and the Hypocrisy of Imperialism
Government Agencies Failed, so We Must Give Them Even More Authority
Gorbachev Warns Of World War As Trump Readies Pentagon Spending Binge
Public Justice Under Attack?
If NATO Is Obsolete, Stop Feeding It
Ron Paul: Why Won’t Obama Just Leave Ukraine Alone?
Greek Dilemma: A Product of the Dialectic
Dangerous Organizations of the National Security State
Feds' misconduct in Cliven Bundy case stems from Ruby Ridge