Dark Side Of Federal Stimulus! Checkable Deposits Soared For The Top 1% In Terms Of Wealth Compared To Bottom 50% (The More The Fed Prints, The Wealthier The 1% Becomes)

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Yes, there is a Dark Side to Federal stimulus! And it isn’t Dark Side of the Moon, but the dark side of who benefits from Federal stimulus. Its all about money.

Example? Take Checkable Deposits of the to 1% (blue line) of wealth compared to the bottom 50% of wealth (red line) after The Fed cranked up monetary stimulus to combat the Covid shutdowns.

On the wealth side, Covid-related monetary stimulus benefitted the top 1%.

But the middle class is expericing a tighening of credit coutesy of Cap’n Crunch (Fed Chair Powell).

Published by confoundedinterest17

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