Thursday, September 01, 2016

Central Banks = Welfare For The Wealthy
Charles Hugh Smith* essay on the effects of central bank monetary stimulus, how it has provided welfare for the wealthy .. "Central bank policies since the financial crisis have dramatically increased wealth and income inequality is now grudgingly being accepted as reality by mainstream economists and the financial media .. Now that the central bank has enriched the obscenely wealthy, distorted markets globally and addicted the economy to cheap credit, the servile toadies and lackeys in the mainstream media and the Cargo Cult of economic 'professionals' is finally admitting that it was all a fraud, a racket that favored the rich. Wake up, America. The only way to stop widening wealth and income inequality and kick your smack addiction is to eliminate the pusher."
LINK HERE to the essay

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