Global shares, euro tumble on economic concerns, Italy vote

Comments (3)
AdamSmith wrote:

The Fed’s QE is the biggest boon to the wealthy ever witnessed by modern markets.

The Fed has been buying up, from the wealthy, every worthless note the wealthy had been stuck with. The Fed has been buying everything, you name it. Worthless junk that nobody else would buy, the Fed has been buying it for top dollar, taking it off the hands of the wealthy.

The wealthy can barely contain themselves at their good fortune. Who would have thought they could get rid of those worthless pieces of paper? Yet, the Fed has now paid them roughly $1.5 trillion in cold, hard cash.

The wealthy, who had expected to lose everything, are now made richer than ever. The Fed are very happy to accomodate them, and get invited to the country-club parties. And Obama, too, yearns for the invitations to the country-club parties, so he’s all in with the scheme too.

Once again in life, the wealthy win, effortlessly. And the common man is ground into the floor.

QE is a far greater crime than TARP, and far more subtle for the average citizen to grasp.

Feb 20, 2013 11:02pm EST  --  Report as abuse
LoveJoyOne wrote:

AdamSmith,

I can’t disagree with much of what you said. The rich have been major beneficiaries of the Fed’s actions to stave off a huge depression.

Still, I’m not particularly surprised to see the wealthy profit. Hasn’t that always been the case? The powerful mega upper class is mega connected. The mega rich know exactly what will happen before it happens and will always have a step or two on everyone else.

It almost looks like a conspiracy.

Feb 21, 2013 4:01am EST  --  Report as abuse
Whittier5 wrote:

No surprise. You can’t starve your way to a vibrant Economy.

Feb 23, 2013 3:39pm EST  --  Report as abuse
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