THE “DAY OF REALITY” IS ARRIVING AND THE “REALITY” IS TRULY UGLY. ARE YOU READY FOR REALITY?
Allselfsustained.com
Feb. 27,2016
Hopefully you have read between the lines of my writings over the last few weeks and felt the urgency of the situation. Markets all over the world are coming apart at the seams and “control” is rapidly being lost. I would like to mention, over the years there has been one “rule” never broken.
Almost ALWAYS, whenever the president of the U.S. speaks, or whenever the Fed meets and issues a policy statement …or whenever the Chairman of the Fed speaks …”control” is at its greatest.
What have we seen this time? Janet Yellen testified more then once. The markets have come unglued. In particular, gold is now up $56 dollars for the largest gain since 2009 http://www.telegraph.co.uk/finance/personalfinance/investing/gold/12151847/Market-panic-pushes-gold-buying-to-highest-level-since-financial-crisis.html. Mrs. Yellen is now out of her league as many of her comments are not making sense and are actually contradictory of what she may have just said.
For example, her prepared remarks speak of tightening rates at future meetings. She was asked “is the Fed out of bullets” and she goes into the talk about negative rates. “Negative rates” are NOT ammunition. Negative rates are outright panic and desperation.
I would also mention, the Fed has been at zero percent rates for 6-7 years, any lower rates (negative) are at this point the only plan B. But Mrs. Yellen said yesterday (and probably again today) the Fed does not know the “legality” of negative rates. How is this even possible?
The Rest…HERE
