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People don& #39;t understand the insidiousness of Central Banks and how they destroy their lives. It& #39;s critical that they first understand that the Federal Reserve holds the largest legalized off-books balance sheet in the world. They take bad assets & essentially... /1
...shelter the liability of those assets until the entity can repay. Meanwhile, sheltering those assets means that they& #39;re shielded from natural free market forces (sold at losses, cheaper prices for you) which would cleanse the system. This is under the guise... /2
...of protecting consumers, but the rich own 90% of assets/corps. Now consumers don& #39;t have Fed access to shelter their losses, so when they go under, their assets come up for sale and guess who& #39;s the largest beneficiaries of that? The Fed-backed rich. So now you have... /3
...the vicious cycle of the predatory rich backed by the Fed (and now the Treasury) picking up assets on the cheap as the poor, who could never pay off a home or find a job to keep up with the bills, slowly suffocate in the good years and outright drown.... /4
....in the bad years. They watch their homes and jobs snatched up by the elite few who are never allowed to share in the economic pain. Toss in low interest rates & marketing designed to get the average person to overextend themselves & you feed the cycle... /5
...all the more. The rich pick up your house & hold your outstanding debt. You pick up their mess (as taxpayers) when they falter. They lever up buying your assets when you fail, but you never get a chance to buy their assets (your old house) b/c you "might lose your job." /6
