Fed Nothing burger

[jonnyfrank]

Another nothing burger from the fed. Well, it is obviously a genius answer, since they have no clue.

Can someone explain to me why these swamp creatures get a nice trip to Jackson Hole every year? It seems an annual trip to the south side of Chicago would put them in touch with the population a little better.

[Budge]

since they have no clue.

They have a clue and know there's nothing they can do. Therefore, they have to be seen to do something even if they know it's useless, if only to head off blame.

They know the problem is CONgress, therefore, they act like Mary's little lamb:

Mary had a little lamb
Its feet were black as charcoal
Stuck its head between its legs
And whistled up its arsehole!!

[MarkD]

My take is they know exactly what they are doing, and being perceived as idiots is the exact purpose of public statements. Don't forget they made bank, just like Congress, over CV19.

They work for the big 5 banks, not the public. End the Fed.

[Budge]

My take is they know exactly what they are doing, and being perceived as idiots is the exact purpose of public statements. Don't forget they made bank, just like Congress, over CV19.

They work for the big 5 banks, not the public. End the Fed.

Martin Armstrong would disagree and has written extensively on the Fed, its role and history. Here's part of a blog post:

"Where I disagree with these ideas that the central banks are the enemy is that they are the scapegoats for the real problem has been the fiscal side — politics. These scenarios have focused on the fact that the Fed was originally set up as a bailout structure for banks to replicate what J.P. Morgan did to save the banking system in 1907. I pointed out that the “elastic money” the Fed was allowed to create from the outset was to allow them to buy-in corporate short-term paper when banks would not lend.

Then came World War I. In order to fight the war, Congress needed to create debt. They instructed the Federal Reserve to STOP buying corporate debt, being the lender of last resort, and buy government debt. Following the war, they never returned the Fed to its original purpose.

Still, each branch was independent because what was discovered from the Panic of 1907 was that the San Francisco Earthquake of 1906 sucked in money from the rest of the country, leaving a shortage of cash in New York, resulting in bank runs. Therefore, the structure realized that we may have been one nation, but we were not one economy.

The dominant economic condition is one region was agriculture, another energy, another mining, another manufacture, and still another finance. Thus, each region got a branch of the Federal Reserve and each was independent so interest rates would differ to attract or deflect internal capital flows to prevent another 1907 Panic. While they no longer bought private debt to “stimulate” the economy only government, they did still retain their independence with interest rates.

Then comes along Roosevelt. He completely changed the structure of the nation to introduce socialism he called the New Deal. He did not stop with work programs, relief funds, and creating agency after agency like the SEC. FDR also completely changed the Federal Reserve. Where the banks did nominate the board in their respective regions, now the government nominated board members instead of the banks and he usurped the interest rates and folded them into one interest rate to serve the entire nation. Roosevelt changed the Fed from managing the economy on a domestic level and shifted it to international. The entire purpose of the Federal Reserve was now totally eradicated.

When World War II came, Congress usurped even the Federal Reserve power to create elastic money. They ordered the Federal Reserve to support the government debt to prevent interest rates from rising during the war (quantitative easing). They attempted to keep that power and it is the ONLY time that the Federal Reserve rebelled. President Truman announced that the Fed would comply with his decree, and they outright denied any such agreement. The Fed rejected the idea of continuing to support the government debt market in the face of the Korean War and asserted its independence.

As for my “recent” conspiracy explanation, this is by NO MEANS the same flavor that has been spinning around. The real source is coming from the World Economic Forum — not from the central bankers. Schwab has cleverly taken control of most Western governments. Just look at who is the head of the ECB, IMF, and the EU itself. All have been or still are board members of the WEF."

https://www.armstrongeconomics.com/worl ... -theories/

[Yodean]

FWIW, I see the Fed as the ultimate Dark WISC (Wolf In Sheep's Clothing). Not all members answer to the PTBs, just the key ones.

As a minor example, JP is an attorney and formerly worked for Goldman Sachs. Pretty evil combination, eh ... lolol.

In a way, the Fed is brilliant - fooled a lot of very smart people into calling them "stupid," etc. Yet the money printing, manipulation of the masses, and Herd menticide continue unabated.

The Fed grows ever more powerful - JP is almost a celebrity these days.

Go back 10, 20, 30 years, and no one was hanging onto the Fed's every incantation (words). You'd see something in the newspaper about the Fed doing something occasionally - that was it.

Marty Armstrong is a good read - I consider his shi*t regularly, and listen to all his interviews, mostly for entertainment and the occasional insight - but let's not forget he wasn't smart enough to avoid jail time at the hands of the FBI/CIA.

In my world, you ain't that smart if you get caught by the authorities. He's brilliant in certain areas, of course.

Better to be a Grey WISC, enjoy your time on Metaverse Earth, and not get put in prison by the 3-letter agencies.

[SOL]

The Devil gets to do what he wants to do by hiding in plain sight. Translation, remove all these bad players, and the good players will start eating each other. In other words, humans as a whole can't play on the light side even if their lives depended on it.

Think about the good religious chaps who thought they were doing God's work hundreds of years ago when they burnt witches at the stake or the surgeons who thought scientists were morons to suggest unclean surgical tools could contain bacteria, etc that would kill most of their patients, even if they successfully hacked whatever it was they were hacking away.

Most people live on auto-pilot; they seldomly think and just go through the motions of living. Look at the overreaction to Jerome's comment. Roughly 12 months ago, he was saying they needed more inflation, and so there was nothing to worry about. Now inflation is an issue. Man, they must really be sick of the ordinary players, and that is why they keep upping the ante. Imagine how you would feel if you were on the other end of the stick. In the end, without fail, the crowd will always react in the same way, forever and ever. Amen. Eventually, you get tired, certainly, your offspring that have read the history books, so they look to add more pain, more twists, more uncertainty to make it look like something has changed, but nothing has changed at all. The twists are added for their amusement.

Today's sell-off will most likely provide the impetus for a nice rally, and then if everything goes to plan, the shoe will drop and destroy a whole generation of investors by putting the fear of God into them. In the short to intermediate timelines, this will be bad, but hey, look how well it worked in 2008-2009; a whole section of investors was so scared for so long that the new bull market that emerged was one of the longest bulls of all time. It was the longest bull of all time because a generation of investors was too scared to jump in. So the longer the crowd remains nervous, the longer the bull will last.

Yeah, I know somewhat of a convuluted rant, but hopefully you guys are able to extract the MP points from this story

[LoriPrecisely]

Powell’s 8-Minute Speech Erases $78 Billion From Richest Americans
Elon Musk’s saw $5.5 billion erased from his wealth. Jeff Bezos lost $6.8 billion, the most of anyone on the Bloomberg Billionaires Index. The fortunes of Bill Gates and Warren Buffett declined by $2.2 billion and $2.7 billion, respectively, while Sergey Brin’s was knocked below $100 billion.

[bpcw]

The Devil gets to do what he wants to do by hiding in plain sight. Translation, remove all these bad players, and the good players will start eating each other. In other words, humans as a whole can't play on the light side even if their lives depended on it.

Think about the good religious chaps who thought they were doing God's work hundreds of years ago when they burnt witches at the stake or the surgeons who thought scientists were morons to suggest unclean surgical tools could contain bacteria, etc that would kill most of their patients, even if they successfully hacked whatever it was they were hacking away.

Most people live on auto-pilot; they seldomly think and just go through the motions of living. Look at the overreaction to Jerome's comment. Roughly 12 months ago, he was saying they needed more inflation, and so there was nothing to worry about. Now inflation is an issue. Man, they must really be sick of the ordinary players, and that is why they keep upping the ante. Imagine how you would feel if you were on the other end of the stick. In the end, without fail, the crowd will always react in the same way, forever and ever. Amen. Eventually, you get tired, certainly, your offspring that have read the history books, so they look to add more pain, more twists, more uncertainty to make it look like something has changed, but nothing has changed at all. The twists are added for their amusement.

Today's sell-off will most likely provide the impetus for a nice rally, and then if everything goes to plan, the shoe will drop and destroy a whole generation of investors by putting the fear of God into them. In the short to intermediate timelines, this will be bad, but hey, look how well it worked in 2008-2009; a whole section of investors was so scared for so long that the new bull market that emerged was one of the longest bulls of all time. It was the longest bull of all time because a generation of investors was too scared to jump in. So the longer the crowd remains nervous, the longer the bull will last.

Yeah, I know somewhat of a convuluted rant, but hopefully you guys are able to extract the MP points from this story

In general I agree with you and this is really helpful to understanding the MP of the markets.

Not so much correcting your statements on evil and that the good players will begin to eat each other but an exception. What you describe is a fallen nature, mostly what separates the good players from the bad is opportunity, present a good player with the opportunity to become rich by manipulation and evil and they will jump at the chance. However, their are always exceptions, those who rise above their fallen nature. Jesus said in order to enter the kingdom of Heaven you must be born again, that is born of God with a new spiritual nature, the more you then work from this spiritual nature the better and more loving you become. Being religious isn't enough, you can wear all the religious garments and be a total evil bar****d, many wolves in sheeps clothing and Jesus's biggest criticism was the religious leaders of the day, he said they were children of the Devil. Many have gone to their death or made great sacrifices in the name of righteousness, Jesus, Gandhi, Nelson Mandela.

That's just my little addition but doesn't take away from what you have said in general about MP!

[LoriPrecisely]

Marty Armstrong is a good read - I consider his shi*t regularly, and listen to all his interviews, mostly for entertainment and the occasional insight - but let's not forget he wasn't smart enough to avoid jail time at the hands of the FBI/CIA.

In my world, you ain't that smart if you get caught by the authorities. He's brilliant in certain areas, of course.

He is an Agenda Contributor for the World Economic Forum.
He has an article on their website titled, "The Fourth Industrial Revolution", in Chinese.

I will spend a bit of time on his website, Financial Sense, to glean some inside information.

[Yodean]

... present a good player with the opportunity to become rich by manipulation and evil and they will jump at the chance.

https://youtu.be/8ShI4DKBdyw

In his own way, a WiseMan.