Being Well Fed

If Bank of America and Goldman Sachs showed up at your door and demanded 2% more for food and fuel so that their trading desks could make a profit, keep their reserves well fed, and provide you with the opportunity to get rich, you would likely be offended to be so brazenly played for a fool. A visibly direct accountability would be very impolitic, so we have the Fed to feed the appetite of bankers for exacting austerity (the economic rent) that keeps the rich well fed at your expense.

Now that FDIC banks can legally operate as investment banks, taking deposits and making loans is only about 20% of a big bank's business. These banks are so big, like Bank of America, they command the marketplace. Don't be fooled by rhetoric that describes this consolidation as the means for feeding you and your family with an efficiency only possible by building economies of scale. No! This continued consolidation is intended to drive down your income and drive up the prices you pay to feed the greed; and all the evidence is there to support that hypothesis.

Continuous consolidation does not allow for more pluralism, it allows for more command and control structured into the Federal Reserve; and what is put in reserve is your income to support banking activity that causes inflation and unemployment, deflating your income, minimizing the probability you can get rich to nearly nothing despite being told otherwise. The result is dependancy on a consolidated business-government entity that commands and controls the risk and the distribution of reward with highly indirect and technocratic means.

The Fed is independent of government authority, managing the banking system independent of political influence while it indirectly exacts austerity (extends political risk) in the name of free-market economics.

With the result being anything but a free market, we have to wonder what exactly we are being fed....

A lot of baloney... and more than enough!

We're being well fed alright.