The Fed, Growing Poverty?

"The Federal Reserve Can't "Fix" Unemployment (or Income Inequality)"

Quote

::snipping2:: And yet, concedes Raskin, "while the Federal Reserve's monetary policy tools can be effective in promoting stronger economic recovery and job gains, they have little effect on the types of jobs that are created, particularly over the longer term." Speaking of types of jobs, Mark Spitznagel, a hedge fund founder and contributor to The Wall Street Journal, argued last year that the Fed's role in the recovery was to make the rich richer:

::snipping2::

The Fed is transferring immense wealth from the middle class to the most affluent, from the least privileged to the most privileged. This coercive redistribution has been a far more egregious source of disparity than the president's presumption of tax unfairness (if there is anything unfair about approximately half of a population paying zero income taxes) or deregulation.

While the Fed can alter short-term interest rates, print money, and go on an indefinite bond-buying spree, all that does is increase stock prices for the already wealthy. Such actions leave moderate and low incomes unchanged while decreasing the purchasing power of their income.

Emphasis added.

read more here - http://reason.com/blog/2013/03/29/remedy-for-income-inequality-end-the-fed

When the currency collapses, how much warning will the little people get? Will the little people hop on a jet and take/move their money around in a foreign country?

When the money is gone, the elite don't want anyone to have the means to protect themselves. At the same time, the elite have legions of bodyguards, booted and suited with the latest in guns and gadgets, all the protection money and privilege can enable...

Who is looking out for the working class? The common man? Anyone in Washington? Why do the parties and vacations and high living in DC never seem to end? The rest of America deals with increasing crime, criminals, illegal border crossings, debt, and poverty?

just my humble opinions