Fed fires an even bigger bazooka, expands its shopping list to include junk bonds

[bucolic_frolic]

19. The purpose of government has become to protect wealth and wealthy from everything

Socialize the costs, privatize the risk for the God-anointed job creators. Allow them to pay you a fraction of what you produce for them, then charge them high prices to keep you poor. This is called "motivation", incentive to work. To keep the system from collapsing from lack of demand because profits are raked off into private hands, lend the poor money and let the Fed stimulate demand.

The concept of the common good, the Commonweal, the state as Commonwealth, has been lost in these hideous contortions. Society is upside down. We elect them, yet we serve them far more than they serve us, which is exactly the opposite of any theory of democracy from the Enlightenment.