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> Fed is spraying cash all over the country clubs and gated communities

Can you please elaborate on this? How exactly is this happening? Why specifically country clubs and gated communities?

He doesn't literally mean country clubs. He is saying that the fed's current policies allow rich corporations (controlled by rich people) to get loans at very low interest rates.

Here is a rundown of what the fed is doing:

Securities purchases - still buying mortgage backed securities (is it 2008?)

Lots of lending and backstopping so rich don't lose.

https://www.brookings.edu/research/fed-response-to-covid19/

In some cases the majority of stimulus went to millionaires and big business.

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