We need to be clear that no parasite wants its host in anything but acceptable health. Companies like JPMorgan Chase are sucking wealth away from ordinary Americans, but they are smart enough to know not to take it all, not to tip their hand, not to make it obvious to all what they are doing. They want America economically relatively healthy, because that is how they make their money. We are the richest country on Earth, and thus still the best place to do what they do.
JPMorgan, to be clear, is also the Fed. They have a seat. They are members. The Fed has had the ability to destroy our economy for many decades now, but all the members have a vested interest in keeping things flowing along reasonably well.
They are working now to hide the ill effects of Obama’s borrowing, by making it painless. They use the money of the Fed to buy up the debt, and keep interest rates low. There is no limit to how much of this they can do. They can keep a virtually infinite debt from becoming inflationary, but at some point people will wonder how this is happening, and start asking questions about our financial system, and this they do not want.