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Economic collapse II

Why the economic collapse is almost unavoidable II?

“I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centrepiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest back-door Wall Street bailout of all time. […] Despite the Fed’s rhetoric, my program wasn’t helping to make credit any more accessible for the average American. The banks were only issuing fewer and fewer loans. More insidiously, whatever credit they were extending wasn’t getting much cheaper. QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash,” Andrew Huszar: Confessions of a Quantitative Easer, The Wall Street Journal.

The “Federal Reserve admits it pumped more than $6 trillion to Wall Street in recent six week period ($215 Billion per day), Wall Street on Parade, https://wallstreetonparade.com/, January 6, 2020.

The “Federal Reserve admits it pumped more than $6 trillion to Wall Street in recent six week period ($215 Billion per day), Wall Street on Parade, https://wallstreetonparade.com/, January 6, 2020.

This is really terrible news and yet, it is only getting worse. “Your Pension Is a Lie: There’s $210 Trillion Of Liabilities Our Government Can’t Fulfill”, Forbes 2017.

Continue Economic Collapse third part

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