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cashinmattress

The Us Fed's Support Of Banks & Industry

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http://www.bloomberg.com/data-visualization/federal-reserve-emergency-lending/#/overview/?sort=nomPeakValue&group=none&view=peak&position=0&comparelist=none&search=

The U.S. Federal Reserve mounted an unprecedented campaign to head off a depression by providing as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010.

Interesting link, and tool from Bloomberg.

All that ('lending') from a few keystrokes on a very simple computer within their Washington HQ.

$85b to RBOS! And nobody is in jail on either side. Sickening. And this has fixed exactly NOTHING.

Was the alternative worth it? Probably best to ask people in Detroit who are basically living in a war zone.

Also:

https://www.aei.org/publication/since-2009-feds-qe-purchases-transferred-almost-half-trillion-dollars-treasury-isnt-gigantic-wealth-transfer/

https://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx

Edited by cashinmattress

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The military will in total spend an estimated $1.5 trillion on the F-35 fighter and 1.2 trillion over a population of around 320 million is on 3750 per head so in reality its not that much.

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The military will in total spend an estimated $1.5 trillion on the F-35 fighter and 1.2 trillion over a population of around 320 million is on 3750 per head so in reality its not that much.

Nah, not that much. Only the theft of nearly 16k in purchasing power from a family of four. Not that much...

That the US has insane defense expenditure is besides the point.

Meanwhile, in the real world, actual US workforce participation grinds along the bottom where its been for the last 5 years.

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