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Society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds so how much of the stock markets rise over the last 11 years is due to q e here is an estimate the s. And p. 500. 00 would be trading closer to 1800. 00 without fed bond buying says society in general right now is at 3500. 00 it should be at 1800. 00 if it werent for the fed buying up all the basically the bad assets off the banks Balance Sheets this has a lot of implications ok so without the money printing the markets would be 5060 percent lower thats point number one point number 2 is that asic until in fact that means that myself i own stocks bonds and gold and because that means that the markets exist as a transfer mechanism so the fed cant just print money for me individually they print it so that executives buy back their own stocks of stocks that i ....
Of Sonoma County. The man that lives in this home is calling firefighters heroes. All of these vehicles on his property owned by his brother and by him were lost and so was his brothers home but his home was saved. He watched at firefighters battled the flames in incredible winds. He says what they did to save other homes was heroic. A chimney tower from this once proud chalkville hill road. A neighbor said it looked like arrows of fire were flying at him as wind gusts launched burning embers towards him, his home, and the antique jeeps parked next to his home. It created a tremendous problem for the firefighters. Fire was spotting well out ahead of the main front. Reporter kincade Public Information officer fred woods has been taking media tours into the burned areas all day but has been here since the weekend watching the fire fight and agrees with that neighbor, the eff ....