{"id":8836,"date":"2015-06-05T06:01:59","date_gmt":"2015-06-05T11:01:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8836"},"modified":"2015-06-05T06:01:59","modified_gmt":"2015-06-05T11:01:59","slug":"memo-to-the-fed-and-its-media-tool-hilsenrath-were-not-here-to-enrich-your-corporate-cronies","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8836","title":{"rendered":"Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies"},"content":{"rendered":"

Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies<\/a><\/b><\/i><\/span><\/h3>\n

Memo to the Fed: you are the enemy of the middle class, capitalism and the nation.<\/i><\/span><\/p>\n

The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies.<\/b>\u00a0In the Fed’s eyes, your reason for being is to channel whatever income you have to the Fed’s private-sector cronies–banks and corporations.<\/p>\n

If you’re being “stingy” and actually conserving some of your income for savings and investment, you are Public Enemy #1 to the Fed.<\/b>\u00a0Your financial security is nothing compared to the need of banks and corporations to earn even more obscene profits. According to the Fed, all our problems stem from not funneling enough money to the Fed’s private-sector cronies.<\/p>\n

Fed media tool Jon Hilsenrath recently gave voice to the Fed’s obsessive concern for its cronies’ profits, and received a rebuke from the middle class he chastised as “stingy.”<\/b>\u00a0Hilsenrath Confused Midde-Class “Responded Strongly” To “Offensive” Question Why It Isn’t Spending<\/a>.<\/p>\n

 <\/p>\n

Memo to the Fed and its media tool Hilsenrath: we’re not here to further enrich your already obscenely rich banker and corporate cronies by buying overpriced goods and services we don’t need.<\/b>\u00a0Our job is not to spend every cent we earn on interest to banks and mostly-garbage corporate goods and services. Our job is to\u00a0limit the amount we squander on interest and needless spending.<\/i>\u00a0Our job is to build the financial security of our families by saving capital and prudently investing it in assets we control (as opposed to letting Wall Street control our assets parked in equity and bond funds).<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Memo to the Fed and its Media Tool Hilsenrath: We’re Not Here to Enrich Your Corporate Cronies Memo to the Fed: you are the enemy of the middle class, capitalism and the nation. The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies.\u00a0In the […]<\/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":[111,182,1625,303,305,4649,2870,2137,860],"class_list":["post-8836","post","type-post","status-publish","format-standard","hentry","category-economics","tag-capitalism","tag-crony-capitalism","tag-cronyism","tag-fed","tag-federal-reserve","tag-financial-security","tag-jon-hilsenrath","tag-middle-class","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8836","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=8836"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8836\/revisions"}],"predecessor-version":[{"id":8837,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8836\/revisions\/8837"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}