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It's mostly a legal form of money laundering stealing tax payer funds. The Fed prints millions of dollars of fiat currency out of thin air, the government creat
by cryptica 6y ago
It's mostly a legal form of money laundering stealing tax payer funds. The Fed prints millions of dollars of fiat currency out of thin air, the government creates some bonds out of thin air and sells them to the Fed for the money they've just printed, then they give it to a big corporation via huge government contracts...
The executives then use the free government money to buyback their company shares, which drives up stock prices, which leads to them getting huge bonuses... Then the project fails, the executives take the blame, get a golden handshake worth millions... Then the government will award equally large software contracts to that same company again in the future and repeat.