Fed to America: ‘QE Scam Will Continue’

Bill-Bonner2

“Yesterday, the Fed announced that the scam would continue. In a typical sleight of hand, it took its monthly asset buying down from $85 billion to $75 billion… but also told us that zero-bound interest would keep flowing for even longer than expected.  As a card-carrying, asset-owning and secret-handshake-giving member of the 1%, we’re delighted to know that the filthy lucre will continue coming our way. But as a financial philosopher we find the whole show rather shabby and tawdry.  Not only does the program shift income from the public to the insiders, it also masks the real problems in the economy and stifles real corrections.”

http://www.bonnerandpartners.com/fed-to-america-qe-scam-will-continue/

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