by Gary Tanashian
GoldSeek
Under the Federal Reserve system, the U.S. is not a capitalist country, it is a socialist welfare state for the elite, compliments of inflation.
Socialism For the Elite, Not Capitalism
The distinction between the United States of America’s version of ‘green’ Socialism and what is traditionally known and reviled as ‘red’ Socialism is that the recipients of the welfare are wealthy asset owners/investors. You see, it’s okay when Socialism serves the ruling and majority classes.
You own a home that has appreciated in value to bubble proportions? You’re an asset owner and your asset has been inflated in perceived value, compliments of the Federal Reserve system. My wife and I sold our bubble asset a year ago at what I believe was the top of the market. I guess you’d call that bubble “Capitalism”.