The Fed ‘pumps.’ Wall Street’s big bank ‘fat cats’ get fatter. And America sinks deeper and deeper into the quicksand debt hole.
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Authored by Sven Henrich via NorthmanTrader.com,
ZeroHedge, Apr 21, 2021 – Excerpt:
Recognize that the amount money pumped into markets is simply unfathomable:
In the US alone 55% of GDP, $12.3 trillion in just 13 months. There is no precedence for this. None. And consider the context: By the end of this year US debt will stand at $30 trillion up from $10 trillion in 2008. 66% of the US’s entire historical debt load will have been added in just 13 years. $20 trillion or 90% of GDP of debt expansion in just 13 years.
Keep dreaming it’s all consequence free.
To full grasp the enormity of the cumulative size of the most recent intervention amounts: Did you enjoy your $1,400 stimulus check? Yea? What happened to the other $36,100? You didn’t get those? No? Cause for $12.3 trillion the total actually comes to $37,500 for every man, woman and child in the US (population 328M).
[snip]
Another way of looking at this chart above: Since just before the financial crisis the top 1% have added $20 trillion to their assets while the bottom 50% have added a mere $1.5 trillion between them.
With an asset appreciation of $21.5T between the 2 groups the top 1% took 93% of the gain. This is the result of a monetary system that is entirely focused on managing the economy with asset prices, the very assets that are owned predominately but the top 1%.
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Note: A major share of the $20 trillion that went to the ‘top 1%’ was undoubtedly raked in by the Wall Street financial titans controlling the Fed’s Primary Dealers, including: JP Morgan, Goldman, Citigroup, Morgan Stanley, Bank of America, and other major shareholders of those institutions like Warren Buffett.
Here is the Fed’s current Primary Dealer list:
Amherst Pierpont Securities LLC
Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
Barclays Capital Inc.
BofA Securities, Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse AG, New York Branch
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
Jefferies LLC
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
NatWest Markets Securities Inc.
Nomura Securities International, Inc.
RBC Capital Markets, LLC
Societe Generale, New York Branch
TD Securities (USA) LLC
UBS Securities LLC.
Wells Fargo Securities, LLC
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The Primary Dealer institutions, along with other Wall Street darlings like AIG, Merrill Lynch, Bear Stearns, GE Capital and others all received, through various Fed funding facilities dating back to 2008, direct liquidity transfusions from the Fed, to help repair the gaping holes in their balance sheets and return them to ‘financial health.’
And now, just in the last 12 months, the Fed created $12.3 trillion of imaginary money and pumped it out into the economy… and we have solve absolutely nothing.
It is time now to level the playing field – and grant direct liquidity extensions to U.S. citizens, for the purpose of eliminating vast amounts of ‘ground level’ debt in America, reigniting the U.S. economic growth machine, and setting America back on course for long-term financial properity.
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$90,000 per U.S. citizen – Leviticus 25 Plan 2022 (3740 downloads)