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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The FED does not care one wit about the 1% nor the 10%...They do not care about Bezos, Gates nor Buffet nor how much money they have. WHAT THE FED IS INTERESTED IN IS THE COLLECTIVE ECONOMY. What most people do not get is that the FED recent the sky is the limit printing with reckless abandon has done is severely debased the value of the currency. Which makes the holders of financial assets and cash that much poorer in real terms. Not only that but their position in the food chain is now on a banana peel as the system has just gotten that much shakier. The rug has been pulled out from under them in reality.
Now the question becomes why would the FED go to such an extreme position. The answer is absolute FEAR, they went all in throwing in everything including the baby, bath water, and kitchen sink.. It was either that or face the complete collapse of the Global economy and the resulting collapse of government and society. When the DOW drops 2000 pts in a day you know something is real bad.. that the fabric of the economy is collapsing. YOU have dodged a bullet for now...
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"Some Observer"
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