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Hence over inflated markets.. Take it away it all crumbles...gotta keep making the rich richer eh moonbats?
This shows no signs of stopping anytime soon.
Dear Steve Liesman: Here Is How The US Financial System Really Works | Zero Hedge
quote: We know that in the aftermath of Lehman, the Fed's reserves were the source of the money used by banks to boost their deposits, either by traditional or shadow bank transformation pathways, even as loans remained stagnant, and are now, nearly 4 years after Lehman, at a lowerlevel than they were in late September 2008.
No, they seem to have no interest in stopping. » House Voted to Get Banksters Back in the Derivatives ...
quote:
H.R. 992, the Swaps Regulatory Improvement Act, authored primarily by Citibank lobbyists, will allow predatory Wall Street financial institutions to once again engage in high-risk derivatives trading. Losses will be socialized and paid for by the American taxpayer through the Federal Deposit Insurance Corporation or FDIC.
quote:
"This is fantastic for every rich person," he said Thursday, a day after the Fed's stunning decision to delay tightening its monetary policy. "This is the biggest redistribution of wealth from the middle class and the poor to the rich ever."
"This is fantastic for every rich person," he said Thursday, a day after the Fed's stunning decision to delay tightening its monetary policy. "This is the biggest redistribution of wealth from the middle class and the poor to the rich ever."
Just to repeat this as it seems to miss so very many who complain about the widening gap.
quote:
"This is fantastic for every rich person," he said Thursday, a day after the Fed's stunning decision to delay tightening its monetary policy. "This is the biggest redistribution of wealth from the middle class and the poor to the rich ever."
What is shocking is the liberals think the market is due to Obama's brillance.. LMAO! It's all blood money and as soon as it stops the ferriswheel stops turning..
Just to repeat this as it seems to miss so very many who complain about the widening gap.
Im one of those, but I've been hesitant to get too involved in the QE easing discussions as...to be completely honest....Im not completely sure the end result is going to be whats expected. IE theres a lot going on here and without spending a LOT of time understanding it all I'm not sure I can have a valid opinion. For those saying "they're giving money to the rich!" Its not that simple. Or "They're printing money!" Well...no...but sort of. Its not that simple.
Im one of those, but I've been hesitant to get too involved in the QE easing discussions as...to be completely honest....Im not completely sure the end result is going to be whats expected. IE theres a lot going on here and without spending a LOT of time understanding it all I'm not sure I can have a valid opinion. For those saying "they're giving money to the rich!" Its not that simple. Or "They're printing money!" Well...no...but sort of. Its not that simple.
It is that simple. QE starts and the gap between the wealthy and middle/lower classes increased by leaps and bounds. What is it that you are not sure about?
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