Biderman: Fed Helping Wall Street and Corporate America Rig the Stock Market
JESSE’S CAFÉ AMÉRICAIN
11 MARCH 2012
And other markets as well.
There will be a ‘reversion to the mean’ and a return to the primary trends. And if it happens precipitously, it will shake the nation.
The problem with the Fed’s ‘stimulus’ is that it is a blunt instrument, and is largely channeled by those with their hands on the financial throttle into their own pockets, and not into the productive efforts of the real economy.
‘Modern Monetary Theory’ merely shifts the money printing power from the Fed directly into the hands of the Treasury and the politicians.
This is not Keynesianism but crony capitalism. Austerity is also another Wall Street alternative, allowing the monied interests to obtain productive assets on the cheap.
There is only one path that the status quo hates and fears, and that is genuine reform.