"QE Was A Massive Gift Intended To Boost Wealth", Fed President Admits

Zero Hedge ^ | 22 March 14 | Tyler Durden

[SkyPilot]

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.

[SkyPilot]

More charts at website link.

[GOPJ]

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.

[GOPJ]

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...

[SkyPilot]

What financial planners and "experts" tell us what the face of the Fed pumped stock market looks like:

Reality:

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.

Isaiah 47:11

[SkyPilot]

When the crash comes it’ll be our turn - the middle class - to finally do our part... Pay for the whole mess.

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?

[Bryanw92]

>>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.

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.

[Revel]

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.

[SunkenCiv]

Shiv in the ribs ping.

Thanks SkyPilot.

[KoRn]

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.

[sheana]

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........

[Popman]

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....

[SkyPilot]

That is exactly true.

[SkyPilot]

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.

[SkyPilot]

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.

[pluvmantelo]

..shrinking the size of their products

---

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.

[FES0844]

If the oatmeal cookies I purchase get any thinner, they’ll look like communion wafers!!

[Sirius Lee]

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.

[Popman]

-—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....?

[Diana in Wisconsin]

I love your plan! Would you like to buy a farm in Wisconsin? $200K cash and she’s all yours! :)

[pluvmantelo]

For some odd reason, the 59 oz cartons of OJ stick in my craw. An OJ carton should be 64 oz, period.