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Exactly, it would be naive to assume that the Fed didn't indentify and take advantage of this opportunity to bail out their cronies. The boom has lasted 10 year
by cryptica 7y ago
Exactly, it would be naive to assume that the Fed didn't indentify and take advantage of this opportunity to bail out their cronies. The boom has lasted 10 years, that's about as long as these things typically last.
Other countries will also follow suite. But it's good to see that countries like Australia are doing cash injections the right way. In the Australia, they did a much smaller AUD $17 billion cash injection but they gave money to senior citizens instead of big financial institutions.
Welfare is meant for the poor and vulnerable, not for the rich.
- shadowgovt 7y agoI think I misinterpreted your original statement. When you said "It's possible that the government had to make sure that the Coronavirus would take hold in the US first," I thought you meant "An agent of the US government literally dropped a vial of victim spit in JFK airport, 12-Monkeys style." Apologies if I misunderstood you.