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955

08/23/13 11:28 AM

#115204 RE: DangrSeekr #115192

I have never seen a definition for THEFT put so eloquently before.

'Your honor, the bank holdup was made to prevent the printed money from leaking to depositors.'

You would make a great attorney for the defendant.


"...and that the amendment was made to prevent the printed money to leak to investors."




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Sogo

08/23/13 12:22 PM

#115243 RE: DangrSeekr #115192

Dangr that is a rather profound insight. But not a shock to anyone who understands our monetary system and policy and the Fed. The idea that the amendment was to prevent the printed $ from leaking to investors is consistent with the grand, over arching goal of the Fed over decades' worth of time; stealing money from the middle class especially. Anyone who's taken economics knows that policymakers just look at their x/y axis graphs and they can tell right away which segments of the population will be hurt or helped by moving prices, taxes, or money supply up or down.

QE is no different. They knew / know who will be hurt and who will benefit from it, and the middle class and retail investors are not intended to be on the "helped by QE" side.