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The Federal Reserve Baby Taper
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How to Taper without Tapering: $85B for 2 years = $75B for 2.5 years. The
Taper was NOT a Taper because the FED announced that they will continue
QE3 for a LONGER period of time (unemployment below 6.5%) in addition to
lowering the monthly amount to $75B. In other words, they turned the flow
rate of water DOWN, but they are leaving it running longer. The net result
will be MORE monetary stimulus. This is why the market rallied on this
announcement. The Taper was nothing more than a slight of hand trick. You
have to look at ALL the data. In other words, look for a Taper of $50B per
month, but if it continues for 10 more additional years, it's a net
increase in stimulus.
The "baby" taper continues to propagate the "illusion" that the Fed still
has the ability to control this complex monetary system. I submit that the
Fed's control was lost in 2007-2008. The financial markets are simply
playing out the remainder of that financial shock to its inevitable
conclusion.
Read Carroll Quigley's book, "Tragedy and Hope."
Lays it all out.
The "federal reserve" is a disease.
Yellen, was hired for one reason and one reason only. When Sh$t hits the
fan, everyone in Washington will point the finger in her direction. In the
end what are they going to do with a 70 year old lady. Nothing, She will
retire and collect from the tax payers the rest of her life.
pre-yellen taper/non-taper
The FED is not losing control, they are giving up control. Goal is economic
destruction but without losing confidence. This way the FED can say "we
tried" and people will not be as defensive when they announce the new world
currency.
The FED has signalled it will no longer prop up the market, those in the
know understand this is where it all ends. Remember, the FED does not want
the US economy to prosper, they are globalists.
The FED is simply increasing the money printing elsewhere. There was no
taper.