3 ms·
2300 billion pumped to "save the stock market" (Probably much more https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-in
by rvba 5y ago
2300 billion pumped to "save the stock market"
(Probably much more https://www.washingtonpost.com/business/2020/04/29/federal-reserve-has-pumped-23-trillion-into-us-economy-its-just-getting-started/ https://www.washingtonpost.com/business/2020/04/29/federal-r...? ) while 400 billion to give people some money for food ( https://www.cnbc.com/2021/02/26/stimulus-checks-how-congress-plans-to-pay-for-bidens-relief-plan.html?&cf=1 https://www.cnbc.com/2021/02/26/stimulus-checks-how-congress... ).
Are the prices increasing since the hedge funds are investing there (after exiting normal stock market), or because suddenly people started to eat more?
Central banks just gave a lot of empty money to the rich: central bank is now holding thr bag of overpriced stock, while the rich exited and invest in resources.
This you wont even learn in advanced econ lessons, because actions of central banks are barely questioned.
Do you truely belive that poor people suddenly started to eat more?
Other reasons can be a drop in production (e.g. due to Brexit nobody wants to do bavk braking farm work), rising population and aspirations (people from third world also want smartphones, cars and good food), biofuel - which means less area used for food production.. but no, people who received some stimulus chcecks suddenly started to eat more.