RE: Conspiracies, Freedoms: Hypocrisy in the USA

over 3 years ago (Edited)

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I could be what you consider a "conspiracy nut case" but I do not post daily and sometimes get very philosophical and spiritual. Though I have everything seriously documented. But did you know that last June the Fed bought debt from Walmart, McDonald’s, Berkshire Hathaway and Microsoft as part of coronavirus response... collusion is what it is and since they do not talk of things like this it on TV, some have to do the dirty job, I am afraid.

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@mobbs 73

over 3 years ago

I like that you can take the name-calling in good humour =) (I think).

This is one of the conspiracies I haven't even heard of, but I'll do a quick google:

Ok:

The Fed will only buy highly rated debt from financially healthy companies, or ones that were highly rated before the pandemic struck. The Fed is legally barred from lending to insolvent companies.

Honestly it seems like quite a public, normal thing that the government can do legally as a means to help prevent previously healthy corporations fall into bankruptcy, while boosting their confidence in corporate bonds.

It sounds like a complicated economic issue that certainly benefits the mega-corps while ignoring the little guy (There is no requirement to withhold layoffs, for example), but this is typical BS at this point. The government will do anything to keep the big companies going, while doing the bare minimum to 'satisfy' the minds of the workers that keep the heart beating.

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