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As most Fed watchers know, last week was interesting because Janet Yellen, speaking at IMF came out and said something quite surprising. In a nutshell, she said “It’s not the Fed’s job to pop bubbles”. While many market participants immediately took this to mean, “To the moon, Alice!” and started buying equities hand over fist, there’s another possible explanation for Mrs. Yellen’s proclamation of unwillingness: The Fed could be preparing to do exactly what it said it wouldn’t.
Here’s a quick re-cap of events: In the recently released Annual Report of the BIS: Bank for International Settlements (commonly thought of as the “central bank’s central bank”) the BIS made a rather ominous recommendation to it’s member banks: Pop this bubble now. Their specific language wasn’t quite so direct, but the message was just as clear.
originally posted by: mindseye1609
a reply to: derfreebie
in reality the prisoner/slaves are willing participants by doing illegal/stupid things.
the Fed. will be doing everything it can to protect the banking/finance/commodities/money exchange...(IOW the 1%'ers)
originally posted by: sheepslayer247
a reply to: Battleline
It would be quite nice to see a little socialism or communism tossed in our system to combat the fascist police-state we are actually living in.