Central Banksters Make the Best Terrorists!

“The Fed, and all the other  central banks, are damned if they do and damned if they don’t. Quit easing and  we have soaring interest rates, a bond bloodbath and all that entails. Keep  easing and well, let’s just say that the piper always has to be paid, and he  will be eventually – taking out another loan to cover  your existing debt payments only postpones the day of reckoning.” – Quote

• Central Banksters Make the Best Terrorists! 
  by Richard (Rick) Mills, http://aheadoftheherd.com/ 
  As a general rule, the most  successful man in life is the man who has the best information
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  From the minutes of theFederal Reserve meeting April 30th – May 1st 2013.
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  “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.”
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  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%.
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  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%.
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  Bernanke made it very clear that those thresholds were  merely for considering a rate hike from the Fed’s current .25%, they weren’t  necessarily a trigger for tightening…
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  Given that the unemployment rate  understates the weakness of the labour market and given where inflation is, I  would suspect that it may be well after we hit 6.5% before rates reach any  significant level.”
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  In  Bernanke’s July 17th testimony to Congress he said the economy is  weak, inflation is low and that if the Fed reduces its accommodation the  economy would tank. This was a complete contradiction of remarks made only a  few minutes before, when he said stock markets were strong because they  reflected the strength of the underlying economy.
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  “I was gratified to be able to answer promptly, and I did.  I said I didn’t know. ” Mark  Twain
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  read more!

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