The Federal Reserve has been determined to create “Wealth Effects” throughout the economy since 2008, which has left the majority of Main Street on the sidelines.
In fact, former Federal Reserve Chairman Alan Greenspan has gone on record to warn of a massive bond and stock bubble thanks to historic low-interest rates. I guess, the idea of rising paper wealth to drive a wave of renewed borrowing and spending hasn’t quite worked out as planned.
Sadly, as the below chart points out most households have been squeezed as the majority of the wealth created has only gone to the top 5% of households earning in excess of $200,00 annually, meanwhile the bottom 95% have suffered.
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2 comments:
Don't blame the federal reserve when the GOP tax bill has ALREADY made wall street execs over 2 billion from tax savings. Meanwhile we are handed breadcrumbs extra in our paychecks and expected to say "thank you for the porridge US govt". Keep the middle class struggling and they'll be happy with whatever crap you hand them.
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The Fed OWNS the government.
Wake up!
They print money , buy the US Bonds, then collect interest on them. These people were given the power to print US currency in 1913. They have completely wrecked this Country.
Read the Creature from Jekyl Island
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