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    The Fed Declares War (on the poor, retirees, and the middle class)

    Carol
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    Carol
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    The Fed Declares War (on the poor, retirees, and the middle class) Empty The Fed Declares War (on the poor, retirees, and the middle class)

    Post  Carol Mon Sep 17, 2012 11:52 pm

    The Fed Declares War (on the poor, retirees, and the middle class) Food-bread
    The Fed Declares War (on the poor, retirees, and the middle class)
    Article: http://www.againstcronycapitalism.org/2012/09/the-fed-declares-war-on-the-poor-retirees-and-the-middle-class/
    Old prudent middle class people who saved their entire lives used to live off of CD yields. Now? No chance Lance. Agarwal also predicts that the actions of the Fed (and the ECB) will induce money currently on the sidelines into the game, which will move markets and prices for commodities, up. “This new move by the Fed is unleashing massive amounts of money into the risk assets. Markets will now believe that, between the ECB and the Fed, all tail risks to the markets have gone. In other words, this could mean that all the money that was hiding in the safety of U.S. Treasuries will now leave the Treasury markets and flow into equities and commodities.”

    $5/gallon gas might indeed happen soon, along with $5/gallon milk. Who knows where bread, eggs, coffee, and other staples will go?

    Will wages rise along with the cost of living? For some they might. For many they will not. Those who will see thier relative wages decline are people are likely to be the poorest in society already, and I’m not just talking about people in the United States who at least for the time being have access to food stamps. more at link...


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
    With deepest respect ~ Aloha & Mahalo, Carol
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    Carol
    Carol
    Carol
    Admin
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    Posts : 31785
    Join date : 2010-04-07
    Location : Hawaii
    • Post n°2

    The Fed Declares War (on the poor, retirees, and the middle class) Empty Re: The Fed Declares War (on the poor, retirees, and the middle class)

    Post  Carol Mon Sep 17, 2012 11:55 pm

    “The Fed is the Heart of the Problem” – David Stockman on CNBC
    Article: http://www.againstcronycapitalism.org/2012/09/the-fed-is-the-heart-of-the-problem-david-stockman-on-cnbc/


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
    With deepest respect ~ Aloha & Mahalo, Carol
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