Posted 1 year ago on June 3, 2014, 7:05 a.m. EST by turbocharger
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.