Monday, September 05, 2016

Sorry Losers!
5*!
"By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers. Sorry! I'm one, too, if that helps soften the blow. But we have a lot of company. Other losers include:
Savers
Anyone with money in a checking account
Anyone with money in a savings account
Anyone with money in a CD
Anyone depending on bond income
All pensions
Endowments
First time homebuyers
Renters
Those who invest based on fundamentals
Everybody alive in the future, when the bills come due
Anyone on this list has been intentionally pre-selected by the Fed for losing. The Fed has done this deliberately, with full pre-knowledge that it was going to diminish the prospects of the majority in favor of the benefit of an elite few. And to make matters worse, it has no plans to -- and no clue how to -- reverse the damage it has wrought.
Everyone on the list above has been dinged by the Federal Reserve -- on purpose and by design, I will repeat -- in order to transfer wealth and purchasing power to:
Big banks
The government
Entities with large stock (equity) holdings
The wealthiest 0.1%
Speculators
Borrowers (the heavier the better)
Well-connected insiders whom the Fed tipped off in advance
This has, of course, not been lost on the 99.9% relegated to the loser camp. They are angry and growing more pissed off by the day. We see this anger playing out politically, in street protests, and in growing tensions with the police. All of this is connected, of course.
Soon, more and more folks will figure out the source of the growing inequity causing this anger, and the hot new trend of the future will be Fed bashing. So you might as well get in on the ground floor... The demise of faith in the Fed is an essential milestone on the way to the long-overdue market correction. Once the markets no longer trust the Fed can keep the party going, the stampede for the exit will one for the history books."
- Chris Martenson
LINK HERE to the essay

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