“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/
Related posts:
Why S&P is in the Crosshairs of the Department of Justice
Peter Schiff: What Doesn't Kill Gold Makes It Stronger
U.S. Officials Are Above the Law of Nations and Ordinary Laws
Are Organic Food Retailers Cheap Now?
The British Empire in Yemen
Bill Bonner: US Market Crash Alert!
Democrats Demand Reinstatement of The Draft
The Detroit (or New American) Yard Sale … Coming to a City Near You
Edward Snowden And The Disruption Of Government
Why Cops Bust Down Doors of Medical Pot Growers, But Ignore Men Who Keep Naked Girls on Leashes
Jeffrey Tucker: The Eff Word Goes Mainstream
David Galland: Justice
Bill Bonner: The Fed Was Right…
Bahrain, a Brutal U.S. Ally
Ron Paul, Congress Believes: Spy On Thee, But Not Me