Federal Reserve ultimate protector of the banking class – Fed Reserve sends a thank you to American middle class and world for bailing out the banks with a gift of inflation. MIT chart tracking millions of items shows much higher inflation than CPI.

Saturday, February 19, 2011
By Paul Martin

Mybudget360.com

The Federal Reserve has one clear mandate. That mandate involves protecting the biggest investment and commercial banks on Wall Street at the expense of the American people. This deflation of quality of life is being felt in the most clandestine and subtle ways like a shift in the wind. The Federal Reserve through archaic money operations has bailed out the too big to fail and has passed on the bill to millions of Americans. We are now seeing this through the rising cost of goods outside of housing. As noted before manufacturers unable to charge Americans with an average annual income of $25,000 anymore on goods for fear of losing customers, many producers are simply shrinking the package of items hoping customers do not notice. Aside from this hidden cost since the US dollar is being devalued by virtual money printing, the CPI which is heavily weighted by housing is also showing increases in inflation. As expected it looks like the Fed is only concerned with protecting one sector of our economy.

The Federal Reserve causing another bubble?

The Rest…HERE

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