Federal Reserve Delays Taper Continues Debasement
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Cryptocurrency We went into debt though less for projects and more towards entitlements. Our wars were less against countries and more towards combating terrorism although the costs weren't any less significant. We have certainly had our share of state takeover of personal debts. The bailouts of 2008-2009 moved private debt towards the general public. More surreptitiously, the unofficial financial arm of the government (the Fed), has undertaken a tremendous acquisition of public and private debt since 2008 towards the tune of trillions. Eat the private debt is by the form of home house loans. This Fed action does not allow rational pricing in the marketplace and most likely to distort market.
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