The author provides a lot of details on the current and recent operations of the Fed, and how it benefits its own class of people and the corporate engines that drive US capitalism.
Sitting atop a record $1.8 trillion in cash and other liquid assets, non-financial U.S. firms are awash in wealth, Fed data show. Relative to their short-term liabilities, U.S. corporations haven't been this flush since 1956. By that same measure, their balance sheets are twice as strong as they were just 15 years ago.