Tag Archives | Fed

Government Shutdown and Appointment of Janet Yellen Guarantees Flow of Funds to Wall Street: They are reducing “two-thirds of this country to subsistence level”, Chris Hedges

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Yellen Submarine

It’s no secret that the only reason the markets have been roaring – since bottoming out in March 2009, the DOW is up approximately 125% and The S&P 500 approximately 120% – is because of unlimited quantitative easing to the tune of $85 billion a month, a last resort, desperate measure that the FOMC began in 2012 to maintain its ‘growth’ targets. The end result of this program has essentially been the transfer of wealth from Main Street to Wall Street.

In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity. The top ten percent have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.”


click to enlarge – source

How this plays out with the ‘government shutdown’ and the fears that we will enter a recession if the U.S.

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Actor Wesley Snipes Free After Three Years in a Prison for “Tax Evasion”

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VENICE, ITALY – SEPTEMBER 08: Actor Wesley Snipes attends the ‘Brooklyn’s Finest’ premiere at the Sala Grande during the 66th Venice Film Festival on September 8, 2009 in Venice, Italy. (Photo by Dan Kitwood/Getty Images)

Wesley Snipes has been released from jail after serving a 3 year sentence for not paying the government extortion racket known as “taxation”.

By JG Vibes
Intellihub.com
April 7, 2013

After spending 3 years in a government cage for refusing to have his money stolen by the government, actor Wesley Snipes is now somewhat free.  Unfortunately, he is still under constant supervision and the government continues to treat him like a criminal, simply because he refused to be criminalized.

CNN reported:

“Actor Wesley Snipes has been released from a federal prison where he was serving a three-year sentence after being convicted on tax charges in February 2010.The release to a supervised residential location in New York occurred Tuesday, the Federal Bureau of Prisons told CNN.

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Why Stocks Have Risen: Stimulus, Stimulus, and Indefinite-Stimulus, i.e., Transfer of Wealth from Main Street to Wall Street

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wealth_distribution

Since bottoming out at an intra-day low of 6,467 on March 6, 2009, the Dow Jones Industrial Average (DOW) has risen to 15,295 as of May 23, 2013 – a gain of approximately 130% in just over 4 years. The S&P 500 has shown similar results, advancing from an intra-day low of 666 to 1,650 for the same period, a gain of approximately 125%. Stellar returns.

As to why the markets have risen at historic rates during times of austerity economics? The answer is simple, it’s due to quantitative easing (QE) began by centralized banks after the market crash of 2008 – “fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy.”

The amount of stimulus used varies depending on your definition of stimulus, so we won’t bother keeping tabs on the trillions that have been dumped into the markets in the last 4 years.

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