"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
How Much Money Did the Fed Dump into the Stock Market?
Submitted by Melinda L. Secor on Sun, 2015-05-31 01:00
"By reducing interest rates to near zero, and reducing the value of our money through inflation, they tried to force our dollars out of our savings accounts and into investments, even though it was spending money we didn’t have and taking insurmountable loans that ultimately ruined our economy. At a time when Americans should have been saving, they were stealing the money right out of our pockets by printing money, and they dumped it into a floundering stock exchange."
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