A look back…. Federal Reserve – in the gift-giving mood….
ZeroHedge Nov 2014 – Excerpts:
Federal Reserve Vice President Richard Fischer has been unequivocal about the broader effects of QE.
At the London School of Economics, March 2014, Fischer explained the Fed’s QE wealth effect goals: “It was deliberate in that we were hoping to create a wealth effect.”
The “wealth effect” created by the Fed was anything but broadly based.
Fischer: “There was a more concentrated effect. And you see it in the kind of earnings that are announced by certain private equity groups and individuals and so on.” ….. “the distribution of the wealth effect was heavily concentrated.”Indeed. Here are the illustrations of how heavily concentrated it has been – in favor of the rich.”
A steep drop in Mean Net Worth for the Bottom 50% from 2007 – 2013…
Thanks to QE, a modest dip for the “Top 5%” … and now rising…
Financial Asset grew nicely for the “top 5%” grew from 2007 – 2013.
They dropped for everyone else….
.Dallas Fed President Richard Fischer: “So that’s been one of my bigger disappointments.”
____________________________________________
You didn’t need to be so disappointed, Mr. Fischer. Let’s just go ahead now and square things up…
Here’s how…
The Leviticus 25 Plan grants U.S. citizens the same direct access to liquidity extensions that you granted to major banks and insurers like Morgan Stanley, Citigroup, Bank of America, Goldman Sachs, State Street, Wells Fargo, AIG, Merrill Lynch, UBS, Barclays, BNP Paribas, Deutsche Bank, Royal Bank of Scotland… and many, many others.
The Leviticus 25 Plan will then massively reduce debt at the family level, re-ignite economic growth in America, generate massive, sustainable tax revenue growth (Federal, State, Local), and restore economic liberty.
And best of all, it will pay for itself over a 10-15 year period.
It’s time to get moving, Mr. Fischer:
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$75,000 per U.S. citizen – Leviticus 25 Plan 2018 (3059 downloads)