QE Favours the Rich
Nothing against the rich, it is not how wealthy you are, it is how you obtain it that matters. QE is a massive transfer of wealth, probably the largest in world history, and one that big government would like us all to be ignorant of. This is a great article, consider the following quote: "The Fed prints and prices rise for the people the Fed action pretends to help. The first round of QE drove food prices up 20% and oil up 59%. Then, QE2 pushed up oil another 30%, while food rose 15%."
QE favours the rich – MoneyWeek:: www.moneyweek.com/news-and-charts/economics/global…60512