Quantitative Easing And The Corruption Of Corporate America
Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,
Submitted by Danielle DiMartino Booth via DiMartinoBooth.com,
A reader writes:
Via Ann Corcoran of RefugeeSettlementWatch.com,
Yesterday we told you about the mess in Utica, New York, a city in refugee overload with increasing poverty and stressed-out schools.
Over the past few months, the United States has had a sudden renewed interest in the details surrounding the 9/11 terror attacks, mainly due to the buzz that was created by a 60 Minutes special which told of a the last 28 pages of an investigative report being classified and not included in the final report handed over to the 9/11 commission. The pages allegedly have credible evidence that implicates the government of Saudi Arabia as being complicit in the attacks.
Less than a decade ago, the mere hint that the Fed was either propping up markets or actively pushing them higher was enough to get one branded a conspiracy theorist loon and never again invited to polite conversation. Since then first Bernanke, and then virtually all central bankers both domestic and foreign have admitted that the "wealth effect", a polite way of saying pushing up asset prices, has been their primary goal and function.