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Author Topic: Money  (Read 8092 times)

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AGelbert

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    • Renwable Revolution
June 6, 2019

SNIPPETS:

Quote
In short, not only is the Fed screwing the poor... it is doubly screwing the poor!

What is the Fed's defense to this argument that it has been the primary driver behind wealth and income inequality? As BofA tactfully puts it, "monetary policy is a blunt instrument and the Fed's goal is to focus on the macro, not the micro."

In other words, in the grand scheme of things the Fed's job is to focus on those pathways that make the rich richer, even if in the process the poor become even poorer, and the US middle class erodes.

Quote
It is this monetary framework, more than anything, that the current iteration of the Fed will do everything in its power to protect.

Should it be successful, one thing is certain: the implementation of more "bubble" policies that create even greater social inequality, one which - as the French discovered in the late 18th century - inevitably culminates in revolution.

full article:

Agelbert NOTE: Past is prologue. I cede the floor to Dietrich Bonhoeffer, who was executed as a "traitor" in NAZI Germany.
Quote
By Bonhoeffer’s own account, he and his co-conspirators were living in a time and place in which “the huge masquerade of evil has thrown all ethical concepts into confusion” and in which evil appears in the “form of light, good deeds, historical necessity, [and] social justice.” They were living in a time that required a radical form of ethical discernment, attuned to concrete reality, historical urgency, and the desperate cries of help from victims of the state.

Madame DeFarge
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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