Sorry Losers!

How the Fed has screwed the many to benefit the few

by Chris Martenson

Friday, September 2, 2016, 4:48 PM

By its actions, the Federal Reserve has selected a precious few winners and many, many losers.  Sadly, you are highly likely to be one of the losers.Sorry! 

I'm one, too, if that helps soften the blow. 

But we have a lot of company. Other losers include: 

• Savers

• Anyone with money in a checking account

• Anyone with money in a savings account

• Anyone with money in a CD

• Anyone depending on bond income

• All pensions

• Endowments

• First time homebuyers

• Renters

• Those who invest based on fundamentals

• Everybody alive in the future, when the bills come due 

Anyone on this list has been intentionally pre-selected by the Fed for losing. The Fed has done this deliberately, with full pre-knowledge that it was going to diminish the prospects of the majority in favor of the benefit of an elite few. And to make matters worse, it has no plans to -- and no clue how to -- reverse the damage it has wrought. 

Everyone on the list above has been dinged by the Federal Reserve -- on purpose and by design, I will repeat -- in order to transfer wealth and purchasing power to:

• Big banks

• The government

• Entities with large stock (equity) holdings

• The wealthiest 0.1%

• Speculators

• Borrowers (the heavier the better)

• Well-connected insiders whom the Fed tipped off in advance 

This has, of course, not been lost on the 99.9% relegated to the loser camp. They are angry and growing more pissed off by the day.  We see this anger playing out politically, in street protests, and in growing tensions with the police. All of this is connected, of course.

DYI