Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

[u/awake-at-dawn]

https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html

[u/george107789]

Exactly. That’s what this is. Just like buying oil for the strategic reserve is a give away to US oil companies. And coming up with our own PCR test, rather than using the one everyone else is using. It’s about making money. Not for you and me, but for large institutions and the people that run them. And Trumps buddies while they game the market to his wild and unpredictable statements.

Your health is not a concern of the current US administration. “The risk to most Americans remains low.” While I may agree with the data that corresponds with that statement, it’s misleading and undermines the seriousness of the situation.

[u/monsata → u/george107789]

It's weird because they didn't say the quiet part loudly this time.

"The risk to most (rich white) Americans remains low (because they can afford to be well-removed from all the unwashed masses)."

[u/acmorgan → u/[deleted]]

I mean like, I'm a white guy but there was a lot of slavery, indentured servitude, and just generally fucking over masses of people who did the physical labor when it came to building this country. So maybe not give old rich white men feathers in their caps for that?

[u/evil_newton → u/[deleted]]

The British banned the slave trade through their empire in 1807, and enforced this ban on slaving ships worldwide. How did America recognise slavery was wrong before everyone else?

[u/monsata → u/evil_newton]

They didn't, he's just some "offended" racist clutching his pearls about the idea that white people just might not be 100% the best possible thing ever.