I can't agree with you more. there are sooooooo many people...

I can't agree with you more. there are sooooooo many people who just don't understand the system. QE was a dismal failure and was never going to work. it was just Obama/Bernanke saving the stock market through cheap credit to help the 1% buyback their shares with cheap money and create the wealth effect. that didn't trickle down to the common man and therefore it shouldn't surprise people as to why GDP never reached pre-GFC levels and tells you why the FED has never been able to normalise rates.

people, read about or just watch a few YouTube videos on the FRACTIONAL RESERVE SYSTEM & PETRODOLLAR SYSTEM. it will help you understand how and why the FED does what it does. Their dual mandate is nonsense. The govt cooks the job numbers to make people feel the economy is growing but they job share. HOW CAN YOU EQUATE SAY, 2 CASUAL JOBS TO ONE FULL TIME JOB? The disposable income isn't the same and therefore it impacts spending. HOWEVER, the fed with the president whether Obama, trump or whoever count it as two jobs and people think the economy is sound. but here is the catch, they do cook the numbers to tell us the economy is great but refuse to raise rates even though using their flawed calculation meet the full employment mandate? doesn't make sense. can't have the cake and eat it. So all it tells you is the FED AND THEIR CRONY BANKERS RUN THE SHOW AND HAVE MANIPULATED THE WHOLE SYSTEM. I think a severe crash and depression is a great outcome to reset the system and force people to educate themselves of the corrupt nature of the fed.