Federal Reserve Fuels Global “Financial Parasitism”. Ultra-cheap QE Money Brings Untold Wealth to Corporate Elites

The decision by the US Federal Reserve Board to begin to “taper” its program of “quantitative easing” (QE)—the pumping of $1 trillion a year into the financial markets—was supposed to signal a return to more normal monetary policy.

It turned out to be a commitment to continue the provision of ultra-cheap money to fuel the financial parasitism that has brought untold wealth to the corporate and financial elites, while creating ever-worsening social conditions for billions of people the world over.

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