The Fed Isn’t Providing “Monetary Morphine”; It’s Spreading Financial Cancer That's Killing the Markets & Democratic Capitalism

from (title unknown) by Phoenix Capital Research:

The Fed Isn’t Providing “Monetary Morphine”; It’s Spreading Financial Cancer That's Killing the Markets & Democratic Capitalism:

... The reason is that the stock market has been propped up solely by Central Bank and/or Federal Government intervention or the hope of more intervention.

That alone is worrisome as it indicates the stock market no longer cares for economic or financial fundamentals (something that has been clear for several years now).

However, far more worrisome is fact that the Fed and Federal Government are now not only propping up stock prices, but are openly trying to crush other assets (especially politically dangerous commodities such as oil and gasoline) in an attempt to make it appear that inflation is under control.

Consider the following:

1. The sudden talk of “sterilized QE” or QE that won’t involve more money printing (read: There is No Such Thing as Sterilized QE).
2. The sudden and curious collapse in precious metals (right after Bernanke says QE 3 isn’t coming anytime soon… only for the Fed to leak the “sterilized QE” talk a week after Gold and Silver collapse).
3. The Government’s decision to unlock our Strategic Petroleum Reserves again (crushing gas prices which were the primary inflationary concern of the Obama administration)
4. Those Wall Streeters close to the Fed (Goldman’s Jan Hatzius) predicting “sterilized QE” coming in April or June

All of these moves have two goals:

1. Propping up stocks
2. Crushing those commodities/ assets that are politically (and economically) dangerous (gasoline, food prices).

The take away point that I’m trying to make here is [...]

The few individuals who make up the Fed are attempting to do the job that 300 million Americans should be in full control of.  As a result the economy is being driven, not in the interests of the American citizen, but the interests of the banks that make up the Federal Reserve.

This is always the result when the power of the many is siphoned frond from the many and deposited in the hands of the few.