The frantic maneuvering of the Fed and the Treasury these days is as sure a sign as we need that the economy is going into a tailspin. The objective is to protect the rich at all costs, at the direct expense of everyone else in fact, with no succor to the poor and middle classes whatsoever.
It's gonna get nasty, and if the recent past is any guide, there will be no uprising, little outcry, and the reordering of wealth will be accomplished with almost no resistance at all. This is the real legacy of the Reagan Revolution, a completely passive, nonresistant, compliant population which identifies with those who wield their wealth and power over them.
Lucky us.
Welcome to the Middle Ages.
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