For Millions Of Americans In The Middle Of The Country, It Feels Like An Economic Depression Right Now: “Meanwhile, money is flowing like wine on Wall Street thanks to the Federal Reserve.”
When one is barely scraping by, or worse, falling farther and farther behind because of debts, the world can become a dark place.
For those in the connected crony world and for those who live in the financialized world (the two are largely one and the same), the current economy looks pretty good. For those on the outs? Not so good.
(From The Economic Collapse Blog)
In essence, Wall Street is being showered by “welfare money” from the Federal Reserve, and nobody is holding the Fed accountable.
At the same time, tens of millions of American families are working low paying jobs and are just barely getting by from month to month.