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Strategies & Market Trends : US Inflation and What To Do About It
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To: ggersh who wrote (908)3/14/2019 7:36:59 PM
From: RetiredNow   of 1504
 
Well, you got me there. Actually, there is a free lunch when you steal it. The Fed and WS banks are in collusion and have been skimming from the top for awhile now. The TBTF banks are criminal enterprises. We all know that. The Fed is the mafia boss that gives them their largesse. But this is how money printing always works. It works in favor of the people who have first access to the newly printed dollars and it screws everyone else. So once again, QE benefitted the 1% at the expense of the 99%. It's what I've said consistently.

However, Socialism does not solve that problem. It will double down on it. The answer is to either abolish the Fed or control it down to a very narrow scope. It's a disease at the heart of our capitalist system. In fact, the Fed is nothing more than an unelected Communist Politburo.
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