When the Federal Reserve bank chooses to keep assets artificially inflated, it is in effect destroying the middle class. Seems like a pretty outrageous claim? Think of anyone age 18 through 35 right now, all things to 'invest' in is at lifetime high prices, including housing, education, medical, stocks and lowest ever returns for fixed savings.
Who benefits? Why the 60 and over club, for they have invested their lifetime of savings and want it to remain high for the next 20 years as they live their life of retirement.
Put this in contrast to 50 million under or unemployed who are facing high cost of living (food prices rising) and a stock market valued with 10 years of flat to negative returns based on the price per share vs profit.
Assuming this feat can continue for years ahead, we will have successfully terminated the middle class story in America, not allowing the young to get a reasonable foothold in savings that can materially increase in value over time.
It is this action that will sow the seeds of disgust, turning people to a new fiscal system, be that Bitcoin, Gold, or barter to improve their quality of living. The young should simply drop out of this race and live dirt cheap, and not participate in this one sided scheme.
The FED in effect is saying , everyone should put their money in the market and demand they protect them from any market decline. For after all, they have the power to stop any market downturn simply by direct asset purchases. I don't see any stomach to do different. In 2008 FED had less than 1 trillion in assets, now sitting at 7 trillion, why not 100 trillion? I say lets go for it, see what happens, can't be any worse for the under 35 crowd.
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