The wealthiest Americans continue to berate the bottom 99% of the population for being angry at their soaring pile of stagnant wealth. Did Michael Bloomberg, for example, who went from a net worth of $20 billion in 2008 to $52 billion in 2019, really ‘earn’ that? Or was he ‘given’ it by the generous Federal Reserve Bank which has been bailing out the elite and printing money like there is no tomorrow. With monetary policy, however, only the top 1% are fed the Fed’s free money and those at the bottom of the deplorable pile only receive money tainted with high interest rates, thus exacerbating the wealth and income gap destabilizing politics in America. They also discuss the military coup in lithium-rich Bolivia that is not being called a ‘coup’ by either side of the political divide in American media. Tune into Double Down to hear more on the latest happenings this quarter.
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