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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (776345)	3/30/2014 3:30:55 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574579

You think the funneling of this nations wealth to the top 1% has nothing to do with the Fed? That's very naive and really ignorant. How exactly do you think the transmission mechanism of QE and ZIRP works? Last, I checked 99% of Americans do not get to front run the Fed on their QE, nor do the 99% get to borrow at 0%. But the large private banks can and do both. Then with the profits made on those activities, they pay themselves huge bonuses, all the while congratulating each other on what great managers they are. Well, if the Fed allowed me to borrow at 0%, then use that money to buy bonds in advance of the QE purchases, only to sell them for a profit to the Fed when they are implementing QE, I'm pretty sure I'd make a killing as well. The plain fact of the matter is that QE and ZIRP is reverse robin hood. They are stealing from the 99% to give to the 1%. 0% interest rates also kills savers. Once again, stealing from the savers (aka investment capital creators) to give to the spenders (aka those who live beyond their means).