Quote from 1prometheus:
QE shovels money into the pockets of those in the leverage space, while the non-leverage space gets reduced purchasing power on their wages, pensions that buy less, insurance policies worth less, basically all fixed pmt "safe" middle class things computed in the accounting unit "dollar" get pilfered.
Look at savings accounts and CD's, the typical middle class safe place to put money. The near zero rates really equal a 100% tax on saving's income. What act of congress passed a 98% tax on savings income? Oops, there was no law, it was the fed, which effectively taxes without representation.
And of course this money is, as I said being funneled into the pockets of those on the other side in the financial sector.
It is when the above situation gets even more extreme that revolutions and radicalism come to the forefront. We are presently a long way from that.
Nitro is right, you are really on target. Great analysis all around.