Even part-time jobs are tougher to get in the US now. Printing fiat does not 
create natural wealth nor provide more well-being. It merely reprices things; 
and in this case the bad investments (bonds, mtges, other loans) that should 
have gone to zero were purchased BY THE FED at bogus prices to bail out the 
power elite. Hierarchy at work! The free lunch to them is at the expense of the 
National Debt. I posted 2 pieces explaining this by Charles Hugh Smith, and 
there was no response.

Steve

http://www.zerohedge.com/contributed/2013-09-06/fed-has-wasted-trillions-and-us-remains-depression

_______________________________________________
Futurework mailing list
Futurework@lists.uwaterloo.ca
https://lists.uwaterloo.ca/mailman/listinfo/futurework

Reply via email to