
IPFS News Link • Federal Reserve
The Federal Reserve & Its Ongoing Destruction Of The Bottom 90%
• https://www.zerohedge.com, by Lance RobertsThe one lesson that we have clearly learned since the 2008 "Great Financial Crisis," is that monetary and fiscal policy interventions do not lead to increased levels of economic wealth or prosperity. What these programs have done, is act as a wealth transfer system from the bottom 90% to the top 10%.
While we will address the statistical data, there is also the anecdotal evidence which supports this thesis. Since 2008 there have been rising calls for socialistic policies such as universal basic incomes, increased social welfare, and even a two-time candidate for President who was a self-admitted socialist. Such things would not occur if "prosperity" was flourishing within the economy.
"The disparity between the Fed's interventions, the stock market, and the real economy has become abundantly clear. For 90% of Americans, there has not been, nor will there be, any economic recovery."
Stocks Are Not The Economy
Take a close look at the chart above.