"The reason QE is “good for the rich and bad for the poor” is obvious: by pouring trillions in jet-fuel cash into the inequity engine that is the banking sector, we’ve seen massive increases in share prices and corporate profits, without any resulting increases in wages."
"The reason QE is “good for the rich and bad for the poor” is obvious: by pouring trillions in jet-fuel cash into the inequity engine that is the banking sector, we’ve seen massive increases in share prices and corporate profits, without any resulting increases in wages."
That guy knows what's up! And the nature of the beast is that it requires more and more jetfuel to run the fake economy, and eventually that completely overwhelms the real economy.
"It should be obvious to anyone that printing two trillion new dollars and handing it to the corrupt financial sector to play with will not result in higher wages for ordinary people. This ought to be an issue for the left/progressives, but thanks to Barack Obama’s ownership of the program, it’s now turning into a campaign issue for Republicans."
"The reason QE is “good for the rich and bad for the poor” is obvious: by pouring trillions in jet-fuel cash into the inequity engine that is the banking sector, we’ve seen massive increases in share prices and corporate profits, without any resulting increases in wages."
- Matt Taibbi 2011
https://www.rollingstone.com/politics/politics-news/rick-perry-vs-ben-bernanke-round-one-99389/
That guy knows what's up! And the nature of the beast is that it requires more and more jetfuel to run the fake economy, and eventually that completely overwhelms the real economy.
This was also prescient from the same link:
"It should be obvious to anyone that printing two trillion new dollars and handing it to the corrupt financial sector to play with will not result in higher wages for ordinary people. This ought to be an issue for the left/progressives, but thanks to Barack Obama’s ownership of the program, it’s now turning into a campaign issue for Republicans."
The "real" economy was "overwhelmed" decades ago. How it all ends only the Shadow knows.