FED/Banks Triple Scam

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KugsCheese's picture
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
FED/Banks Triple Scam

Once you read the two attached articles (c WSJ for non-commerical use), the truth should come to the fore:  The printed money went to big banks to bet on commodities.  QE2 is ~$650B yet new credit only ~$320B.    And that includes the fractional banking multiplier effect.   So we bailed out the banks on the front end, the banks spiked commodities by casino moves that raised our cost of living for second round of raping, and then for savers the FED sunk savings rates to negative for a third round raping.  How much more will people take?

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