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Forum Post: 75 Billion Printed and Handed to Banks Yesterday

Posted 6 years ago on June 3, 2014, 7:05 a.m. EST by turbocharger (1756)
This content is user submitted and not an official statement

The bailouts continue, with another $75 Billion going to the banks yesterday.

First it was TARP. Then the corporate bailouts.

Then QE1 which was a Trillion $$$.

QE2 another Trillion $$$.

Then it was QE3, another 1/2 a Trillion.

Then they moved to the final phase, QE Forever. As in, monthly bailouts that have no stopping point. This started right before the elections in 2012, and hasnt stopped. They did decrease it from $85 to 75B a couple months ago, to appease the markets.

But the quarter actually shrank at the beginning of the year, so the drugs must continue, and they must get bigger and more powerful.

So far, QE Forever has dumped 1.5 TRILLION into the banks.

We are in the position in this country where Congress is bailing out the banks every single fuckin month, and no one has a clue its even happening.



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[-] 2 points by shadz66 (19985) 6 years ago

'Quantitative Easing' = Queasing = that which is guaranteed to make you feel nauseous if you get what it is really all about !!!

Quantitative Easing is only good for The 1% & bad for The 99% - as it is really the socialisation of costs and the privatisation of any gain !!

People need to get hip to this shit asap !

"The impact of the neoliberal assault on the U.S. population in the past generation has rightly been designated a 'failure by design.' This failure is sharply class-based-for the designers it has been a grand success, and a failure for most of the rest. The same is true of debt. That sets two tasks for those who care about the health of the society: change the design, and find ways to cope as effectively with the failures it imposes. This valuable monograph by Strike Debt provides a good guide to undertake both." — Noam Chomsky.

radix omnium malorum est cupiditas ...

[-] 1 points by gsw (3324) from Woodbridge Township, NJ 6 years ago

Why don't the government give all moderate income a food credit.instead, at least we the people could better use any savings to get economy going