{"id":52461,"date":"2020-04-13T16:57:58","date_gmt":"2020-04-13T21:57:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52461"},"modified":"2020-04-13T16:58:04","modified_gmt":"2020-04-13T21:58:04","slug":"deep-economic-suffering-has-erupted-all-over-america-but-guess-who-the-federal-reserve-is-helping","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52461","title":{"rendered":"Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?"},"content":{"rendered":"\n

Deep Economic Suffering Has Erupted All Over America, But Guess Who The Federal Reserve Is Helping?<\/a><\/h3>\n\n\n\n
\"\"<\/a><\/figure><\/div>\n\n\n\n

As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate attempt to protect financial asset values.  In other words, as much of the country suddenly plunges into poverty, the Federal Reserve is working exceedingly hard to protect the wealth of the elite.  Approximately fifty percent<\/a> of all stock market wealth is owned by the wealthiest one percent of all Americans, and the amount of stock market wealth owned by the poorest 50 percent of all Americans is so small<\/a> that it really doesn\u2019t matter.  And those running the Fed certainly understand that their reckless policies will create very painful inflation that will hit average American families extremely hard, but they don\u2019t seem to care.  At this point, they figure that asset values must be protected at all costs, and that is going to continue to expand the absolutely massive gap between the rich and the poor in this country.<\/p>\n\n\n\n