Central banks step in to prop up global financial bubble

Click here to access article by Andre Damon from World Socialist Web Site. 

...the wealth of the financial elite cannot come from nowhere. Ultimately, the continual infusion of asset bubbles is the form taken by a massive transfer of wealth, from the working class to the banks, investors and super-rich. The corollary to the rise of the stock market is the endless demands, all over the world, for austerity, cuts in wages, attacks on health care and pensions.

Nowhere are these processes more clear than in the US.