brianoh

Are We Being Scammed?

The asset inflation is obviously the result of the printing of massive liquidity at give-away rates (lower than inflation). The big question is when and how it will all end. It may not end. After all, all of that "wealth" created up to 2001 has to go somewhere. The fact that US stocks have had a negative return since 2001 obviously indicates that they were massively overpriced. Trouble is the Fed controls the fawcet and doesn't know a drought from a flood. The Fed-Bank partnership is little different to the concept of feudalism - the consumers being the serfs.