As I have said before, what is happening here is very simple, even if it is cloaked in deceit by government, the mainstream media, the economics profession, etc. We are witnessing the largest single theft in human history: 1. The Fed is currently creating trillions of new dollars to pay the super-duper uber-rich peak-bubble prices for their grossly overvalued corporate stocks and bonds, mortgage-backed securities, etc. 2. The money is NOT going to workers' pension funds, because they can't just get out of the market and go into cash for the duration of the crash the way the super-duper uber-rich can. 3. The Fed will then crash asset markets by shrinking the money supply. As many foreign governments and companies owe dollar-denominated debt, this will make their debts unpayable and crash their markets and economies as well. 4. The Fed will then sell the assets it bought for top dollar back to the super-duper uber-rich for pennies on the dollar, sticking workers, consumers and ordinary taxpayers with the loss. 5. This will enable the super-duper uber-rich to use the capital gains they made on the original sales to the Fed to buy up workers' pension fund assets, privatized natural resources and public utilities (especially in other countries), etc. 6. The super-duper uber-rich will then own the great majority of all the assets, giving them total control and enabling them to take everything from everyone else. 7. Workers' pension funds will become almost worthless, consigning older workers to destitution in their retirement unless they go back to work. 8. The added supply of seniors' labor will reduce wages even more, impoverishing almost all working people. Just watch.
