Fed robbing middle class and poor to pay rich (Representatives, Congress, generation)
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The Federal Reserve isn't just inflating markets but is shifting a massive amount of wealth from the middle class and poor to the rich. the Fed's policy of quantitative easing was inflating stocks and other assets held by wealthy investors like himself. But the price of making the rich richer.
Who owns assets—the rich, the billionaires. You think Warren Buffett hates this stuff?
Not just the Fed, the govt, as well. This is how the 99% is in debt to the 1%. Just becoming more apparent. Not much has changed from the Kings and Queens of old, they just realized if they marketed and administrated better they gained a great deal more wealth and control.
JPM showed quite plainly what was being done with that extra liquidity from reserves when they screwed up the London Whale deal.
This has been noted for years. What can I as an individual do? Very little but we have a very large segment that are constantly complaining about the growing wealth gap and oddly they seem unwilling to do anything about it here.
It's why their complaints are not taken seriously or believable.
This has been noted for years. What can I as an individual do? Very little but we have a very large segment that are constantly complaining about the growing wealth gap and oddly they seem unwilling to do anything about it here.
It's why their complaints are not taken seriously or believable.
If you really cared about politics, you would use all your free time to be involved in informing voters.
However, your selfish arse doesn't care enough. Lol.
...mean while, the rich, who will spare no mercy, will do their best to corrupt your representatives.
Read the best seller "Who Stole the American Dream" ....It simply spells it out very clearly. We are being ripped off and the American public loves it. Hell. the bailout in 2010 93% of it went straight into the pockets of the 1%, who do not invest in the US, who are not creating jobs, and who also enjoy low tax rates. Yet the same shmoes will chime in stating that its the poor who are draining this country dry. Like I've said before, the poor have no power and its power and plenty of money, not broke folks, who buy congress in so many ways it'll make your head spin. That is why congress's rating is so low, because it is obvious it does not represent the vast majority of the American people and has not in a generation.
Read the best seller "Who Stole the American Dream" ....It simply spells it out very clearly. We are being ripped off and the American public loves it. Hell. the bailout in 2010 93% of it went straight into the pockets of the 1%, who do not invest in the US, who are not creating jobs, and who also enjoy low tax rates. Yet the same shmoes will chime in stating that its the poor who are draining this country dry. Like I've said before, the poor have no power and its power and plenty of money, not broke folks, who buy congress in so many ways it'll make your head spin. That is why congress's rating is so low, because it is obvious it does not represent the vast majority of the American people and has not in a generation.
Congress does not control the Fed nor it's policies. Congress does have to approve the chairman and they deserve all the scorn coming their way for approving Bernanke and then re-approving him after his epic failures but Congress doesn't pick who that person will be.
There are a small handful of politicians against the president current pick to replace Bernanke but people will both dismiss those politicians while out of the other side of their mouth complain about what the Fed's policy is doing to the poor themselves.
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