[chud]

There are too many dollars sloshing around in the economy, chasing the same amount of goods.
The big boys at the banks and on Wall Street get the newly created dollars first, and use them to acquire assets.
I'll do the same.

[AAABEST]

The big boys at the banks and on Wall Street get the newly created dollars first, and use them to acquire assets.

Bingo. That's the entire Jekyl Island 100 year long racket in a nutshell.

What's funny is they don't even need to "acquire assets," as holding the debt itself is considered an asset.

The Fed simply prints money and sells it to banks or government... instant asset. Banks sell the same money to the hoi polloi, government gives it away to those who line their pockets, enhance their careers or, at least, vote for them.

All the "product" is created out of thin air, nobody lifts a finger except the hoi polloi who work their asses paying debts and funding government.

Tacit slavery that eventually will not be sustained.