Posted on 03/11/2022 1:32:32 PM PST by Browns Ultra Fan
Following the financial crisis of 2008/2009, The Federal Reserve began their dramatic purchase of assets such as Treasuries and Agency mortgage-backed securities (AgencyMBS). And then Covid struck and The Fed went berserk with asset purchases.
So, who benefited the most? The top 1% or the bottom 50%?
Answer? The top 1%. The share of total net worth spiked dramatically after the Fed infusion.
Even the bottom 50% benefited with The Fed’s Covid stimylpto, but no where near how the top 1% benefited.
World Economic Forum’s Klaus Schwab approves of this message!
(Excerpt) Read more at confoundedinterest.net ...
The Cantillon Effect.
Economists and political philosophers have known this for 300 years or longer
The great trick of progressives and socialists was to convince everyone it was wrong - that central planners wisdom was infinite.
Everything from the housing crisis in ‘08, covid restrictions, you name it is done to enrich Wall St and big business.
Covid restrictions….the covid virus was eliminated the moment you walked through the door of HomeDepot, Lowe’s, Ace, Walmart, Target or any other big corporate store. But it was petri dish of death in any small business.
Wall St…..I wanted to try and buy VISA stock when it went public in ‘08/09. Was told that only the hedge funds and mutual funds got that. So all the money stays in the club. But, Pelosi and her husband did though
Corporatism, Chamber of Commerce and greedy POSs in Congress are what has and is destroying this country.
Why did you leave out Trump? Every other day it was about how well stocks were doing on twitter, never how much he was spending. Trump helped blm burn down cities with those stimu checks. All pols are in on it.
I was very disappointed in Trump signing those garbage bills. Especially after his speech slamming them.
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