
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Geopolitical Economy Report
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The Fed Is Printing 300 Billion Dollars to Bail Out the Rich
The Fed just printed 300 billion dollars in one week to benefit rich people in Silicon Valley. Peter Thiel, Elon Musk and David Sachs are multi-millionaire oligarchs who have made all of their wealth working on Wall Street. While the Fed is printing money to bail out the rich, you know how much it would cost to end homelessness in the United States? 8.1 billion dollars a year. These libertarian oligarchs talk about how important it is to have unregulated capitalism until they need a bailout from the government. That's why they need $300 billion printed by the Fed to bail them out so they can invest in those things. They're telling poor and working people tough luck.
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