The Monetary Game Is Elusive

Bailouts and infinite QE could not happen without the direct and indirect backing of the printing press. Today’s printing press is mostly electronic today; it’s the mechanism that supports currency devaluation. The level of expertise required to play the ‘monetary game’ means few, regardless of social class, recognize and adapt. As a result, many hard working citizens are robbed by it.

Headline: Did Bankers Rob the Middle Class?

In the last decade, a greater share of money flowed to our banking system than almost any time in American history. Meanwhile, middle class wages continued their 30 year freeze. Are the two related? Are the banks robbing the middle class?

Kevin Drums suggests as much in a series of articles that accuse the new super-rich, which is disproportionately in the financial sector, of swindling the middle class. At one point, Drum quotes from a great essay on income inequality by Tyler Cowen: "It's as if the major banks have tapped a hole in the social till and they are drinking from it with a straw."

Source: finance.yahoo.com