Bill Bonner: This Should Make Every American Angry…

Bill-Bonner2

“When the price of money goes down banks’ profit margins go up; by moving to zero interest rates, the Fed handed them higher earnings. And by guaranteeing the debt of the weakest institutions, the Fed gave big bonuses to the worst managers.  Now, the alcohol is taking effect. All around the world markets stagger. Economies slur their words. Investors have severe memory loss. Businessmen can’t tell up from down. And the poor consumer gets a headache every time he checks his bank balance.  Some people have access to the free money. Others don’t.  Those with the access tend to be in the financial elite. It is no wonder the rich get richer; the game is rigged.”

http://www.bonnerandpartners.com/this-should-make-every-american-angry/

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