The Average Joe has seen no major benefit from this easy money policy, unless you count being unemployed or underemployed a benefit. Since the FED has continued printing money real jobs have decreased and the number of true unemployed has risen. The Average Joe and small business owners have not had liquidity from banks to borrow money to run their businesses. Of course the question remains, why would the banks loan money to the Average Joe when they can give it back to the U.S. Government which is guaranteed by the full faith and credit? The FED has not only created a mess but they have created a bubble that is destined to pop. This will once again leave the Average Joe holding the bag as the rich run off again laughing all the way to the bank.
Posted on: Wed, 20 Nov 2013 23:32:48 +0000
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