The "Wealth Effect" - It Really Means What It Says
09-18-15
mpg
Census
Data Proves It – There Was No Economic Recovery Unless You
Were Already Rich
A quote...."Recently released data from the Census Bureau is
nothing short of devastating to anyone who has been pushing
the absurd meme of a strong U.S. economy. - There is simply
no way one can look at this data and not conclude that the
last seven years has been nothing more than an upward
redistribution of wealth crafted by the Federal Reserve. As
I’ve said many, many times before, central bankers should be
tried for crimes against humanity for what they have done."
Regarding the use of the term...."The Wealth
Effect", there's been a lot of confusion about this term,
which has been incorrectly used by many financial
commentators. So let's make it clear.
The Banksters who coined this term are being utterly
honest.
Under Regan they developed the "Trickle Down Effect"
wherein they stated if the government helped the rich get
even richer by cutting their taxes, a tiny little bit
would "trickle down" to the peons below.
Under Obama, they called their new quantitative easing
policies "The Wealth Effect" wherein they honestly, and
quite openly, let it be known that if vast quantities of
the Fed's fiat-script-debt-claims were to be printed
(electronically force fed into the economy) and given
directly to the wealthiest one percent of this society, NONE
of it would reach the peons below.
In other words the wealthy, and only the wealthy,
would get.....wealthier. Hence, they called it "The
Wealth Effect"
They were being utterly honest about what would happen. It
was their sycophantic lackeys, fawning minions, and lying
presstitutes that falsely claimed some of this largess
would somehow find its way down to the peasants below.
No doubt every time they heard the phrase used they had
themselves a good chuckle. - mpg
|