{"id":6482,"date":"2015-03-13T19:03:47","date_gmt":"2015-03-14T00:03:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6482"},"modified":"2015-03-13T19:03:47","modified_gmt":"2015-03-14T00:03:47","slug":"wow-the-fed-gives-a-giant-fuck-you-to-working-class-americans","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6482","title":{"rendered":"Wow!!! The Fed Gives A Giant Fuck You to Working Class Americans!!"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.firstrebuttal.com\/2015\/03\/12\/wow-the-fed-gives-a-giant-fuck-you-to-working-class-americans\/\" target=\"_blank\">Wow!!! The Fed Gives A Giant Fuck You to Working Class Americans!!<\/a><\/h3>\n<p>I was shocked today by the absolute gaul of the\u00a0<a href=\"http:\/\/www.cnbc.com\/id\/102500289\" target=\"_blank\">Fed releasing a statement<\/a>\u00a0about Net Worth in America reaching record levels. \u00a0Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. \u00a0But surely they understand that working class Americans are\u00a0going along with the story because they\u00a0really don\u2019t have any say in our nation\u2019s policies anymore. \u00a0That\u00a0doesn\u2019t mean they want it thrown in their faces\u00a0that the Fed has\u00a0spent 6 years now inflating the wealth of the top 10% so much that it actually lifts the total wealth of the nation\u2019s citizens to record highs.<\/p>\n<p>The ugly reality is that the bottom 80% of Americans experienced none of that gain. \u00a0That\u2019s right a big ole goose egg. \u00a0And so when the Fed via its ass pamper boy, Steve Liesman, start banging on about the fact that some sliver of society is being handed extraordinary wealth while the working class has\u00a0lost 40% of their\u00a0net worth since 2007, well a big fuck you right back at ya bub! \u00a0The Fed is very aware that the bottom 80% of Americans own less than 5% of US equity markets. \u00a0And so the Fed is very aware that its manipulation of stock prices such that it creates immense unearned wealth to those in the markets doesn\u2019t reach the bottom 80%. \u00a0So why celebrate the results of the stock market price manipulation??<\/p>\n<p>It is embarrassing that our policymakers are either that inconsiderate or that stupid to celebrate\u00a0such a brutal dislocation between the haves and have nots. \u00a0I don\u2019t know what one can even say about the Fed making a celebratory statement like that today. \u00a0It is somewhat beyond words. \u00a0And really paints the picture as to how little thought goes into the lives and well being of the bottom 80%.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wow!!! The Fed Gives A Giant Fuck You to Working Class Americans!! I was shocked today by the absolute gaul of the\u00a0Fed releasing a statement\u00a0about Net Worth in America reaching record levels. \u00a0Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. \u00a0But surely they understand [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,305,4156,4157,4158,868,4155],"class_list":["post-6482","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-federal-reserve","tag-net-worth","tag-steve-liesman","tag-stock-market-price-manipulation","tag-wealth","tag-working-class"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6482"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6482\/revisions"}],"predecessor-version":[{"id":6483,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6482\/revisions\/6483"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}