Bernanke’s Neofeudal Rentier Economy
(May 7, 2013)
The Fed has directly created a neofeudal rentier (peon) economy and society.
"The Fed has directly created a neofeudal rentier economy and society. Giving the financier class unlimited access to free credit with which to buy rentier assets serves two purposes: 1) it drives the valuations of rentier assets ever higher, creating the useful (in terms of propaganda and perception management) illusion of economic vitality, and 2) it greatly enriches the financier class at the expense of the bottom 95%."
CHARLES HUGH-SMITH: THE FED HAS DIRECTLY CREATED A NEOFEUDAL RENTIER ECONOMY AND SOCIETY | InvestmentWatch