We're gonna need a bigger bubble!

[lieqiang]

Originally Posted by TaiChiMaster

Inflating the assets of the rich, destroying the savings of the middle class, and enslaving the poor with debt.

I don't understand, how did the FED destroy the savings of the middle class? Most middle class wealth is in real estate, specifically the equity of the home they live in. This is followed by 401k/IRA balances. Home values have done well over long term, and according to EBRI average 401k balance has increased 14% per year since 2010*.

I'd be interested to see numbers on enslaving the poor with debt as well. It might be correct (hyperbolic nature of statement aside) but can we quantify what we are talking about with something more concrete? Has the debt load of the poor increased significantly due to something the FED did?

EDIT = clearly it's no longer 14% but point stands

[shanv3]

Originally Posted by Taggerung

The day is reckoning is coming very, very soon...

This is our Wil-E coyote moment, where he runs off the cliff, and he's suspended in thin air. But a thousand feet beneath him lies the hard desert floor.

Unfortunately the day of reckoning wont come at all. My husband and I slog for 12+12 = 24 hours in a day for our few hundred dollar wages.

But some banking family can create that money for free without any hassle. Until this changes, the cycle of slavery will continue. As long as there is need for money, the day of reckoning wont come at all.