silverdoctors.com / By Deepcaster / June 9, 2013
In a Remarkable Moment of Candor for a Fed Board Member, Richard Fisher this week admitted that QE has mainly helped the very Rich and Well-connected.
Indeed, much of the proceeds of QE have not and are not flowing into the Real Economy. For example, Major Banks are depositing their proceeds from QE back into The Fed where they “earn” 25 basis points…Free Money(!) benefitting only the Mega Banks and Not the Real Economy.
But recently, the Fed and other Central Banks ongoing Deluge of Liquidity has created Extraordinary Profit Opportunities for “Retail” Investors.
The First Key to Revealing these opportunities is to separate the MainStream Media Spin from the Real News.
Submitted by Deepcaster:
“We’ve made rich people richer. This is great for the Buffetts and for others who can take advantage of this multiple of great money and cheap money that’s been available. The question is, what have we done for the working men and women of America? Right now, (companies are) using cheap money to buy back their stock, pay extra dividends, etc. etc. We all know what is going on.”
Richard Fisher, Dallas Fed President, 5/20/2013
Yes, in a Remarkable Moment of Candor for a Fed Board Member, Richard Fisher admits that QE has mainly helped the very Rich and Well-connected.