Central Banksters Make the Best Terrorists
By Richard (Rick) Mills
Friday, 19 July 2013
As a general rule, the most successful man in life is the man who has the best information
From the minutes of the Federal Reserve meeting April 30th – May 1st 2013…
“Many participants indicated that continued (job market) progress, more confidence in the outlook, or diminished downside risks would be required before slowing the pace of purchases.”
On May 22nd Federal Reserve Chairman Ben Bernanke told Congress that a decision could be made, at any of the next few Fed meetings, to scale back the $85 billion in bonds the Fed is buying each month if the economy looked set to maintain momentum. The S&P 500 closed 0.8% lower, the dollar hit a three year high and the bond market sold off with yields on the 10 year Treasury notes jumping above 2%.
Speaking at a Boston economic conference Bernanke backtracked saying the Fed would continue to pour stimulus into the US economy, so long as inflation stays low, below 2.5% and until unemployment improves to below 6.5%.