The Fed Mafia Panics, as the World Dances on a Knife’s Edge
TheWealthWatchman.com
NOVEMBER 23, 2015
We’re now getting headline after headline of tension: tension between superpowers, tension in economic data, and tension in the markets. Since the financial crisis, for the last 7 years, the Fed has been a regular “MacGyver”, holding the global financial ponzi together with crazy glue and baling wire. They’ve pulled off some big stick saves, but it seems that gravity and inertia have finally caught up with them.
For over the weekend, the very nervous American and world markets received this surprise announcement:
Advanced Notice of a Meeting under Expedited Procedures
Yes, they’ve called a surprise, unscheduled meeting at the Federal Reserve, which is making the markets very, very queasy. What’s the purpose of the meeting? Well, it appears they’ve given us the low-down on what will be discussed:
Matter(s) Considered
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
The Rest…HERE
