Business Hooked on Stimulus Yet?

The poor have seen little of it- just $2000 over the past year. So much more went to business that already had the inside track on economics. Business has been getting trillions of dollars since the Obama administration almost continuously.

I wonder about all of those trillions of dollars the Federal Reserve gave in zero-interest loans to big banks- maybe 20 trillion dollars. The marginal reserve means they can loan out electronic dollars worth 9 times the amount they borrowed – about 180 trillion dollars, and get real dollars in return. They aren’t loaning out the money though so much as sitting on it. With that kind of power they could leaver the government quite a bit to support their absolute power, or they could dump the dollars and crash its value globally.





%d bloggers like this: