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Yep. I wouldn't put anything past the Fed in pursuing its mandate to move every last dime of savers and small depositors from the liability side of the bank's balance sheet over to the asset side. Once the public has nothing left and the bankers have everything, the Fed will have fulfilled its true purpose.


Notehound,

That wealth tranfer has already been achieved in the US. We are now entering demand side econ where some of the damage is undone.

And the EU is entering into supply side policies to do some damage to the average joe in the EU.

Dave
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