Paul Craig Roberts: Summary of USG Financial Fraud from Clinton to Obama

03 Economy, 11 Society, Commerce, Corruption, Government
Paul Craig Roberts
Paul Craig Roberts

The US Economy Has Not Recovered and Will Not Recover

CounterPunch, 19 February 2016

The US economy died when middle class jobs were offshored and when the financial system was deregulated.   . . .   The Federal Reserve’s zero interest rate policy was designed to support the balance sheets of the mega-banks and denied Americans interest income on their savings.  This policy decreased the incomes of retirees and forced the elderly to reduce their consumption and/or draw down their savings more rapidly, leaving no safety net for heirs.  Read more.