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Richard's Remarks

 

The Bernanke Fed continues on its maniacal creation of Federal Reserve notes. The result is that the Fed is levitating all kinds of asset classes, but it's not helping the struggling middle class and it's not helping what's left of the "lower" classes. The sheer number of US workers that are collecting federal disability payments climbed in March to a new record high. The Fed has succeeded in boosting the worth of the nation's wealthiest investors while the rest of the nation's population finds itself poorer. Remember, 70% of the nation's Gross Domestic Product depends on consumer buying. And on an inflation adjusted basis, America's consumers (who comprise the great majority of Americans) have seen their incomes flat since 2009 -- after adjusting for inflation. In the meantime, recipients for food stamps have climbed from 27 million in 2007 to the current astounding total of 48 million.

 

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