THERE SEEMS TO BE AN INCREASING SENSE THAT THE FED IS NOT IN CONTROL ANYMORE...
THAT SOMEHOW...EVENTS ARE NOW RUNNING ON AUTO PILOT... DOES ANYONE REALLY BELIEVE THAT BERNANKE WILL ...EVER...RAISE RATES...?
THAT THE FED WILL EVER DELEVERAGE ITS BALANCE SHEET...?
ODDLY THAT ANSWER IS INCREASINGLY "NO"...AMONG MANY PEOPLE WITH REAL INSIGHT INTO WHAT HAS HAPPEN IN AMERICA OVER THE LAST FEW YEARS...
THERE IS A SENSE THAT THE FED DID NOT "SOLVE" THE COLLAPSE OF 2008...BUT MERELY PAPERED IT OVER...WITH ZERO RATES...AND MASSIVE QE...AND MONEY PRINTING...
THERE IS AN OMINOUS FEELING THAT THINGS ARE ACTUALLY WORSE NOW THAT THEY WERE DURING THE CRASH...BECAUSE WE ARE NOW WITHOUT TOOLS AND OPTIONS FOR THE NEXT COLLAPSE...
A DISMAL SITUATION TO BE IN...
AND NET NET WHAT WILL ALL THIS MEAN...?
IT COULD MEAN THE END OF THE FED AS WE HAVE KNOWN IT... THE ONCE MIGHTY US FED...IS NOW THE FAWNING TOOL OF THE SPECULATORS...! THE STOOGE OF WALL STREET...AND THE ENABLER AND "PUSHER" OF THE TOXIC DRUG OF EASY MONEY FOREVER...
DISMAL INDEED...IF THAT IS OUR REAL POSITION...!
