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To: PGR88

Saying the Fed backed libtards 8 years ago was considered tinfoil hat territory. After 8 years of QE, no longer. Look for interest rates to go up in January after Trump wins. In the past the MSM would have gotten away with blaming Trump, too. I don’t think it will work anymore.


12 posted on 08/06/2016 5:04:06 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: wastoute
Saying the Fed backed libtards 8 years ago was considered tinfoil hat territory.

Wrong. You need to think. When the Fed "buys" (ie. prints money for) $4.5 Trillion in government debt, and suppresses 10 year Treasury rates to near 1% - what is the effect? It grows government. It pays for massive entitlements, it pays for "stimulus" (bailouts to state governments) it pays for Obamacare, it pays for Planned Parenthood, it pays for every global warming research project, etc. etc.. This is where progressives live and thrive. And your elected representatives aren't needed - they have turned over fiscal responsibility to the Fed.

Take away all that massive debt support - and what happens to the nanny state?

13 posted on 08/06/2016 8:51:11 AM PDT by PGR88
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