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"The Fed only cares about two things: enriching the banking sector and further enriching the already-rich."

-Charles Hugh Smith

"The Fed doesn't care if small businesses go broke or households slide into poverty; the Fed's only concerns are maintaining "inflation" in asset valuations and "deflation" in the cost of borrowing, so that debt-serfs, zombie corporations, local and federal government--everyone--can borrow more money, further enriching banks and Wall Street.

This is the sole goal of the Fed.

Everything else is distracting PR.

When "inflation" boosts the value of homes, stocks, bonds, diamonds, quatloos etc. to the moon, those who own these assets are cheering. When "inflation" reduces the purchasing power of wages, those whose only income is earned from their labor suffer a decline in their lifestyles as their wages buy fewer goods and services.

They are suffering while the wealthy owners of soaring assets are cheering."