Oh, and what really crushed the bottom 50% and accelerated the top 1% in the last 10 years?
What changed?
Low rates and QE.Fed induced asset price inflation. So screw Powell for denying the Fed has anything to do with wealth inequality.
He's lying.— Sven Henrich (@NorthmanTrader) June 2, 2020
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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Amen and pass the ammunition….
Toss the fed reserve out followed by the large investment banks and attorneys. There seems to be an over supply of these parasites.
Every single move by the Fed is on purpose, to add to the wealth of their owners (banks , corporations, Wall street). There are some that say the Fed is just incompetent, that their actions will fail. I say bull, the Fed knows exactly what they are doing, and their actions will give the exact result intended, fooling again a lot of smart people along the way. Is it a conspiracy? You bet, right out in the open, and they think we are too stupid to see it or worse don’t care. Open your eyes, people. When the market, economy, and Wall Street dive, they will say “look at all the money we injected, we did everything we could, and it just wasn’t enough”. All they did was create paper fiat out of thin air and “loan” it to Main Street. And when corporations are so in debt they cannot pay their debts no matter how low the interest rates, and they fail in bankruptcy, those dollars “loaned” to them will go up in smoke. But the Fed could care less; they have printed and given trillions more fiat to their buddies who will buy up real assets at the bottom. Exactly as planned. And the rich will get richer. Enough already, demand an end to the Federal Reserve. Let the people of the US resume control of our money. End the Fed.
Nice try. Really.
I still see a fair amount of Federal Reserve bashing and currency debasement bitching and moaning going on here at TBP.
So, in an effort to help some folks break out of this mental folly, I state the following;
1. Federal Reserve Notes were given serial numbers ~55 years before guns were required to have serial numbers.
2. There are 12 (as in Twelve Apostles) regional Fed banks.
Let that sink in before continuing.
Stop, let it sink in some more.
Federal Reserve Notes are not money first and foremost. Federal Reserve Notes are serialized criminal tracking devices masquerading as money. Grandma revealed this and much more during my baptism, when I was 10 and still open minded enough to absorb this simple truth.
Professional gum-flappers like Ron Paul can bitch and moan all they want about the Fed and currency debasement.
In the end, there exists NO FINER SYSTEM by which domestic and global anti-American criminals could have possibly be identified, monitored, and traced over the last 100+ years. We live in the INFORMATION AGE for crying out loud, and “all your criminal financial wrongdoings is ours”, documented for all eternity at the NSA data center. In peacetime and in wartime, a sure-fire system to track one’s enemies is truly priceless. Everything else is just inconsequential noise and pales by comparison.
Moneyed criminals are like moths to a flame.
They will burn.
God bless the Federal Reserve and FRN’s.
Take something for that, me thinks you’ve slipped to around .20 or maybe even .19.
You seem to be saying that Reserve Note serial numbers are tracked against who is using the note. I guess every time you pay with cash, the clerk wants to know your name, and jots it down with the list of serial numbers you used while all the other customers wait. I worked as a bank teller for about a year. They do not track who gets which serial numbers. There are twelve months in a year, twelve original tribes of Israel, and twelve days of Christmas. Please explain that significance. I wish I could say nice try back to you, but I just can’t.
Paper bills were tracked ages ago, before Bretton Woods, before they became 1’s and 0’s in a computer, but I hope you get my point. There never was and still is a more comprehensive criminal dragnet then the Fed combined with the Treasury.
I’ve read some crazy stuff at this site, but your remarks about the Federal Reserve take the cake. I don’t know where you get your ideas, but sure wish you would not share it. I will be passing on ALL your future posts.
Sounds like we are all the criminals then from your logic and in their eyes we are!
The Fed has virtually EVERYTHING to do with aggregate wealth inequality. Individually you can certainly assign behaviors and actions, but on the whole, they are the vehicle of theft for the government and its puppetmasters.