Sorry Losers! How the Fed has Screwed the Many to Benefit the Few +Videos
Charles Krupa
By Chris Martenson / PeakProsperity.com
By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers.
Sorry!
I’m one, too, if that helps soften the blow.
But we have a lot of company. Other losers include:
- Savers
- Anyone with money in a checking account
- Anyone with money in a savings account
- Anyone with money in a CD
- Anyone depending on bond income
- All pensions
- Endowments
- First time homebuyers
- Renters
- Those who invest based on fundamentals
- Everybody alive in the future, when the bills come due
Anyone on this list has been intentionally pre-selected by the Fed for losing. The Fed has done this deliberately, with full pre-knowledge that it was going to diminish the prospects of the majority in favor of the benefit of an elite few. And to make matters worse, it has no plans to — and no clue how to — reverse the damage it has wrought.
Everyone on the list above has been dinged by the Federal Reserve — on purpose and by design, I will repeat — in order to transfer wealth and purchasing power to:
- Big banks
- The government
- Entities with large stock (equity) holdings
- The wealthiest 0.1%
- Speculators
- Borrowers (the heavier the better)
- Well-connected insiders whom the Fed tipped off in advance
This has, of course, not been lost on the 99.9% relegated to the loser camp. They are angry and growing more pissed off by the day. We see this anger playing out politically, in street protests, and in growing tensions with the police. All of this is connected, of course.
Soon, more and more folks will figure out the source of the growing inequity causing this anger, and the hot new trend of the future will be Fed bashing. So you might as well get in on the ground floor…
Righteous Anger
As primates, we’re all hard-wired to expect fairness. It’s part of being a social creature. When we experience unfairness, we react the same way this Capuchin monkey does, although we might try to convince ourselves we do so in a more civilized manner:
Or perhaps we can understand why currency creation is not taught through this old quote from Henry Ford:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
(Source)
I think old Henry also nailed it. The privilege and advantages enjoyed by those running our banking and monetary systems functions are deeply unfair. If those in charge of them want to keep their heads, its best to keep the public in the dark as much as possible.
Well, I think the cat’s out of the bag, and I base that on two exceptional recent events. The first was the ill-fated launching of a Fed Facebook page, by the Fed, and the second was a real turnabout article penned in the WSJ by none other than perennial Fed insider/toady John Hilsenrath.
In Part 2: This Is How Sentiment Shifts And Markets Crash, we look at how the previously-bulletproof faith in the Federal Reserve is quickly eroding. As with all belief systems, once sentiment shifts below a critical threshold, everything gets called into question. Suddenly, it’s obvious to all the emperor was naked.
The demise of faith in the Fed is an essential milestone on the way to the long-overdue market correction. Once the markets no longer trust the Fed can keep the party going, the stampede for the exit will one for the history books.
Click here to read Part 2 of this report (free executive summary, enrollment required for full access)
http://www.peakprosperity.com/blog/101139/sorry-losers
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