Me and the Money Printer: Volume 3

Bloomberg notes that half of Americans own 97.5% of the wealth, citing the Federal Reserve. And yet, no one at that stupid media outlet points out that the Fed created that divide.

Dear Reader:

This morning, Bloomberg’s latest financial report showcased the clear divide in wealth nationwide.

This lede says it all:

The richest half of American families owned about 97.5% of national wealth as of the end of 2024, while the bottom half held 2.5%, according to the latest numbers from the Federal Reserve.

Despite citing the Federal Reserve, the report barely explains how and why this divide continues to accelerate.

Why did the wealthiest gain so much in the last four years?

“A surge in the value of corporate equities and mutual fund shares,” the report notes.

No.

That’s NOT the underlying reason.

The Federal Reserve is the primary architect of America's growing wealth inequality.

The very group that Bloomberg cites for its wealth tracking data.

While politicians debate tax policies and regulations, a more fundamental force steadily transfers wealth from average Americans to the already wealthy—monetary policy.

Or simply put: The damn money printer.

This isn't just my opinio…