And it is a big one.
Let us just dwell though, for a second, on the word 'system.' The actual proper name for what we have all come to know simply as 'The Fed,' is The Federal Reserve SYSTEM. Yellen is chairman of a 'system,' and not a bank, or an entity, corporate or otherwise, but rather - a system.
There are THREE colours in this scene... Clue. |
It is a racing aphorism that whoever has a gambling system will go systematically broke...
On the surface, it would appear that 'The Fed' is the house in the gambling analogy and therefore should not go broke. The players should go broke. The Fed however, is owned by the biggest players and it hands out free money to these so that they can go on gambling - and losing - forever. The nominal counters - or gambling tokens - are asset prices, specifically real estate prices, and listed equities. If you look at it in terms of say the board-game of Monopoly, the desirable tokens or playing counters, are equities and real estate. Not factories and technologies or research and development or food production and logistics. I am not considering the status of military industries in this analogy at the present moment...
On everyone's lips right now is the question of whether or when The Federal Reserve SYSTEM will move to increase their interest rates. And this question has increased volatility in markets, and in combination with China falling for the three card trick of following a discredited Western SYSTEM - albeit one that favours elites of course - volatility has become simply enormous.
If not for the never-ending supply of fantasy money Big Banged into existence by the gods at The Fed, we would have witnessed a descent into pretty much a Thirties' style Depression by now in this era of absurdly low interest rates and economic anaemia.
The media points to 'bots' or electronic automated algo-rhythm based trading for the cause behind all the recent volatility.
Now while the financial market volatility is occurring, there is no change in interest rates. Risk, therefore, is suddenly seen to be non-existent as far as bank capital and financing is concerned and not a factor to be calculated in the interest rate formula...
Now I don't know whether there is anyone reading here that could care less, but it is the case, that a smart investor can now begin to make serious - and I do mean serious - sums of money because of the foolishness of what has been going on with this criminal mob now in charge of all money and all markets everywhere. The Fed has miscalculated and by a huge huge margin.
Think Douglas Casey. And that is all I am prepared to say about it.
Pirate Captains are elected by the crew; they are not quite the villains that landlubbers suppose |
If all the readers here were bound by what the privateers and corsairs knew as 'Chasse Partie' then I would go into details. As it is, most of you will have to work it out yourselves. But let me say just this, and let me make it perfectly clear: The Fed has made a huge mistake and you can start making money at will from here onwards and I don't even think they know where the problem for them is. Misdirection being the greatest secret to prestidigitation, I am not about to let it slip so easily as to blurt it all out openly here.