The Power of the Fed (2021) – When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost? – PBS Frontline [00:54:51]

Read the Story

Show Top Comments

That was an interesting exchange between the host and the guests when the host tried to pin all the equality problems of society on the Fed. Basically, the Feds response is that their job is to keep inflation in check and promote job creation at the cost of drastically accelerating the benefits to anyone owning equities. I agree with the guest’s response in that basically those issues are the responsibility of congress. We have become so hyper political that the public cannot even hold their own elected officials accountable for addressing these issues. Democrat and Republican leaders do not care about you. And yet people rally to their “team” and ignore all the bullshit they are fed – nothing gets resolved. Vote them all out. On a side note, I would imagine the next bailout by the Fed will be the crypto market. The SolarWind’s hack represents an event that could have easily destroyed evaluations in the crypto market. A Mt Gox type of event – the Fed may step in.

SDSunDiego

Shits gonna collapse and the American economy is going to need a complete restart—this is why(I am making a guess here) that the banks are buying up single family homes at 35k over asking price. They are making an educated guess that the housing economy will be “rent based” once people lose everything. Oh yea and “you will own nothing and you will be happy.”

Seekersshallfind

The US economy is in shambles. You can clearly see the disconnect when Neel shifts the blame to Congress. The numbers don’t lie; growth isn’t there, housing is not affordable and is ballooning, wages are not increasing. Congress keeps failing to act, and they refuse to change, the FED blames congress wanting to keep going. The incompetence that will inevitably cause a downfall is set.

sjerkyll