Exclusive Excerpt: Roger Ailes Off Camera

reply to post by Jason88

The Fed is one tool, and the only one in the box that is working right now. But it's a blunt tool, so most of that money ends in the hands of the rich,

Wrong again since the feds power has increased under the current administration all money is worthless because it is backed by nothing, Fiat currency that has continually be debased.

I do love when people bring up the rich because the only thing they have is cash the value of that cash is determined by the fed.

Since there is over 10 trillion in circulation that hits everyone.

M2 money supply:

www.usdebtclock.org...

reply to post by Jason88

And the Dow blip is good news for the wealthy - let's hope trickle down economics (Reaganomics) really works.

After 4 years of trickle up economics how's that working out?

Sequestration ring a bell?

reply to post by neo96


I don't disagree with you, the Fed and its funny money is highly questionable at best. Criminal at worst. But, it's literally the only thing working right now. The tools they have work through channels that favor those with lots of financial assets, and that's the problem, but it was designed that way to work in conjunction with congress - which isn't doing anything.

Your issue is with congress, not Obama. Did you know congress had a policy in place until a couple of months ago - it was a payroll tax holiday, in which the government, with its ultra-low borrowing costs courtesy of the Fed, increased Americans’ after-tax paycheck by two percent. But guess what, that didn't pass because the republican side *again* doesn't like anything that appears to "stimulate" things.

As for the Sequester, the GOP plan shows the lengths to which republicans are willing to go to avoid proposing spending cuts of the magnitude necessary to replace the sequester. That's right - spending cuts.