They (the fed) kept nothing afloat or spinning.it's happening now. If you weren't following the moves all along, it's not possible to go over it all here. But it suffices to say that many people thought the policies in response to the financial crisis represented the Fed going into major experimental mode. The rates were kept far too low, for far too long. it is unbelievable, really, that they kept the plates spinning as long as they did. But now they have no good way out.
The huge head start given our current class of “leaders” allowed them to not be exposed til now.
But now, except for the morons who just refuse to see, it’s all coming out.