Fact: The Federal Reserve has screwed over the country.
Monetary policy has been the single most important factor in the economy for some time.
A new analysis from economist Brian Barnier shows that while future GDP, household debt from credit cards and tech accounted for past bubbles in American history, the bubble that has risen since Obama became president is due to one – and only one – factor: the Federal Reserve.
And the private banking cartel – which masquerades as a public government institution – has become plenty controversial for its ties to elite hidden agendas and its debasement of the economy.
However, few Americans realize just how huge – and detrimental – this institution has become.
In the wake of the 2008 financial crisis, the Fed, then chaired by Ben Bernanke, began an unprecedented quantitative easing (QE) program that literally changed everything.
During the last eight years, monetary policy has completely upended the economy, and concentrated wealth into fewer and fewer hands, while making it more and more difficult for ordinary people to stay afloat. This intervention has gone way, way too far and has driven up a particularly unstable bubble that is ready to burst.
Through QE and bond purchases, the Fed managed to double the S&P 500 value, while more than doubling its own balance sheet in the process.
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