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Monday, November 24, 2014 3:04:34 PM
The Fed policy has never been about boosting growth in the real economy and creating more jobs (its official justification) but is instead directed to funding the financial parasitism that has become such a central feature of the global capitalist economy.
The Fed’s financial assets together with it's increased holdings in the Bank of Japan and the Bank of England are now greater in size than the entire US budget and larger than the gross domestic product (GDP) of Germany, the world’s third largest economy.
Asset inflation as a money multiplier seems to be the new norm in the global banking industry for quick and easy profits.
And they will take it anywhere in the world they can find it.
JMHO
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