Skip to comments."QE Was A Massive Gift Intended To Boost Wealth", Fed President Admits
Posted on 03/23/2014 10:57:16 AM PDT by SkyPilotEdited on 03/23/2014 10:58:17 AM PDT by Admin Moderator. [history]
With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words... and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.
(Excerpt) Read more at zerohedge.com ...
Bernanke thought it was working just fine - because all his liberal elite friends where making out like bandits.... When the crash comes it’ll be our turn - the middle class - to finally do our part... Pay for the whole mess.
Bernanke thought it was working just fine - because all his liberal elite friends were making out like bandits.... When the crash comes it’ll be our turn - the middle class - to finally do our part... Pay for the whole mess.
Thanks for nothing Bernanke...
Of course, the sky high stock market has nothing (really!) to do with this:
Nope. Not a thing.
Hey! What the??????!!!
Money is not a bad thing. Neither is wealth. But anyone putting their trust in this corrupt, manipulated system, and not in God, is seeking the wrong kind of "security."
Disaster will come upon you, and you will not know how to conjure it away. A calamity will fall upon you that you cannot ward off with a ransom; a catastrophe you cannot foresee will suddenly come upon you.
The Fed is already sending the middle class the bill, through the hidden tax of "inflation." You know, that thing the BLS refuses to tell the truth about. Food costs going up? Energy costs going up? Health care insurance going up? Where? Who? I didn't see anything?
>>Bernanke thought it was working just fine - because all his liberal elite friends where making out like bandits.... When the crash comes itll be our turn - the middle class - to finally do our part... Pay for the whole mess.
That was the plan all along. The new version of trickle-down economics smells an awful lot like urine. But they keep telling us its raindrops.
And all of that wealth was stolen from others who were innocent and given to those who were not. For instance, It was stolen from all the saving accounts of everyone. If Granny had a mere 80,000 dollars in savings then Granny has lost 15,000 to 20,000 dollars in interest by now. All of that money was transferred to others who caused the mess in the first place. Meanwhile the price of everything that Granny buys has gone up considerably.
Shiv in the ribs ping.
If anyone at the Federal Reserve honestly believed ‘printing’ and giving billions of dollars to banks and pumping up the stock markets helped the ‘average person’, they have their heads shoved so far up their asses it’s unreal. Same goes with the various economic “stimulus” spending and giveaways/handouts by the Congress.
All of the above was just squandered money given to select people and entities at the expense of us ALL.
Well I guess I am Granny and getting absolutely nothing in terms of interest. Since it is ‘catastrope’ money for us anyway really (we have guaranteed income) I have started spending some of it. Paid off daughter’s respiratory therapy school, just bought a new sofa for the living room and am going to have granite put in the kitchen.
I also am looking at giving our boat to charity and purchasing another one.
Can’t take it with me and can’t gain much by having it in the bank so........
I’m in the wholesale business...food manufactures are doing everything they can to keep prices from going up....shrinking the size of their products to increasing their minimum order to buy...
I saw huge price increases post 2008 meltdown....
We will see the same thing again very soon....
That is exactly true.
Adolf Hitler’s national Socialist government ran almost the same way. A few choice businesses were given special protection by the government, and they profited massively. Meanwhile, the rest of society became tyrannical.
Believe me we don’t blame you guys. We can see it though, with chicken coffee beef the prices are just going through the roof. The decrease in portion size of restaurants and the incredibly shrinking product size it supermarkets is a sight to behold.
..shrinking the size of their products
If the oatmeal cookies I purchase get any thinner, they’ll look like communion wafers!!
Had the banksters been shoved up against a wall and shot instead of being given TARP and the ongoing Fed free money, we would have had a serious depression for a year, and then rebounded completely. Instead, it’s malaise forever - or at least until the FRN = the Zombabwe dollar.
-—Tell them to knock it off. I go out of my way to avoid products that are shrunk in an attempt to conceal the increase in cost per unit. It is deceptive and unethical IMO.——
Do you prefer a price increase....?
I love your plan! Would you like to buy a farm in Wisconsin? $200K cash and she’s all yours! :)
For some odd reason, the 59 oz cartons of OJ stick in my craw. An OJ carton should be 64 oz, period.
It’s a price increase however you slice it. I prefer the vendor be forthright about it by charging more for the same amount.
>>Adolf Hitlers national Socialist government ran almost the same way. A few choice businesses were given special protection by the government, and they profited massively. Meanwhile, the rest of society became tyrannical.
At least the Nazis picked businesses that would benefit German society. The Obamunists intentionally pick businesses that can’t succeed or are hopelessly corrupt, and are usually both.
I thought the same thing. I thought TARP was a disaster, it should never have been allowed. I read that members of Congress have portfolios that do “incredibly better-than-average.” I think that helps explain TARP. Wall Street insider traders have nothing on these guys.
I thought farms were selling really fast. How’s the real estate market for farms in Wisconsin?
If you think that, take communion; the Host is tissue paper thin.
I’d like to, but I can’t. I’m a sinner.
Haha no thanks. Wisconsin is about as far away from my idea of paradise as you can get.
-——Its a price increase however you slice it. I prefer the vendor be forthright about it by charging more for the same amount.-——
True, but there is this concept called competition.....!
Any given type of item can be supplied by several different manufacturers.... Nobody wants to be the most expensive to buy....
Brand loyalty does come into play, but cost is now the primary motivator when consumers make a buying decision...because my customers (retailers) take the hit on profits before they pass on the increase... It also means a sales decline when customers face the sticker shock...
Believe me, a price increase is just about the last thing I want to hear from a manufacture....
where is it at how many acres and buildings
I have not bought crackers in forever it seems (don’t do a lot of empty carbs), but the other day I wandered through the cracker/snack isle and was amazed at the miniature boxes of Wheat Thins. In reality, they are probably the same size that they were 20 years ago, but it just seems so odd to have them shrink when they were getting bigger and bigger for so long. For years it has been “Family Size” and “Value Size”... now, not so much. Have noticed the same thing with ice cream cartons. I don’t buy it very often, so when I do, I really notice the difference.
Do you truly not understand that it is a price increase?
>>When the crash comes itll be our turn - the middle class - to finally do our part... Pay for the whole mess.<<
We’re already paying for it. Before, during and after the crash.
>>If the oatmeal cookies I purchase get any thinner, theyll look like communion wafers!!<<
Ok...you win! That’s the funniest damn post I’ve read in quite a while.
——Do you truly not understand that it is a price increase-——
Well, golly gee wiz, you mean if I pay the same price for a smaller version I am getting less value?
Rolling eyes .....
Technically it isn’t a price increase since I am paying the same price, I’m getting less value for the value of my labor which represents inflation....
But pay me no mind.....
Sure, I get it. We live in a low info world. That’s why we have Zero in the white house and 59 oz containers of OJ in the market and a host of other absurdities and abominations.
Gotta run. The Kardashians are coming on...