Unfortunately, Quantitative Easing is merely a Jedi Mind Trick designed to:
> enrich billionaires
> give corporations more time to ship jobs offshore
> give the masses more cheap money to bankrupt themselves
> temporarily inflate 401k balances allowing the Idiocracy to focus on ESPN/American Idol
> and give politicians cover to do nothing while the real economy deteriorates...
Today, Morgan Stanley announced that its profits were up 42% year over year with a 6-fold increase in its profits from trading. They approved a $500 million dollar share buyback.
Earlier this week, Goldman Sachs average compensation hit a three year high of $431k which is averaged over all employees including the janitors and admin staff who of course get paid dick.
Here is some graphical proof of Wall Street's benefits from the Fed:
What has Main Street received from the Fed?
> Record numbers of people on foodstamps
> Record low (and stagnant) wages as percent of GDP
> Fewer jobs than there were in 2007
> A trillion dollars in student loan debt now pending a major interest rate increase
> An additional ~$7 trillion in national debt to pay off
> A staggering $315 billion Beggar Thy Neigbour trade deficit with China
> A staggering $315 billion Beggar Thy Neigbour trade deficit with China
When Berankenstein made the comment above, the lamestream media just yawned...being no more than stunned fucking dunces and glamour queens serving their corporate paymasters and otherwise fawning over themselves on the television screen.
