Ron Paul: Federal Reserve Steals From the Poor and Gives to the Rich

10182011_Ron_Paul_article

“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.”

http://www.thedailybell.com/editorials/34757/Ron-Paul-Federal-Reserve-Steals-From-the-Poor-and-Gives-to-the-Rich/

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