You know the saying “There are no accidents”. First, consider how the Left’s beloved fake-Native American, Elizabeth Warren, is an unusually wealthy member of Congress – probably worth over $6 million. Courtesy of ZH:
Next, consider how the Left’s beloved fake-Native American, Elizabeth Warren, opposes a bill to audit the Federal Reserve Bank.
I say the 2 things are connected. You see, Elizabeth Warren is a phony. That doesn’t only mean that she has repeatedly lied about her racial (non-)heritage for personal gain. It also means that she lies about being a populist who would support the little guy against Big Banking.
For the last 6 1/2 years, the Fed – the privately-owned, biggest bank of them all – has (in accordance with Obama’s wishes) pumped boatloads of newly-created cash into our financial markets, to make financial bubbles that benefit “the one percent” – who include the top earners of Big Government and Big Banking (plus Big Government’s general deficits being financed). And Elizabeth Warren has no real problem with any of that. She does claim to oppose it. But her actions tell another story.
If she really opposed it, she’d be leading the charge to get the Fed audited. Instead, Rand Paul leads the charge (and Ron Paul before him) – while she carps, or puts up obstacles. “Follow the money.”
Unrelated follow-up: After noting in early December that holiday spending was off to a weak start, I should note that indeed, December consumer spending plunged by the most since 2009, as people’s incomes stagnated. At least by *conventional* economic wisdom, that means a bad economy – and shouldn’t be happening.