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FSN: Fed Open Market Committee Statement for May 2013 – Audacious Oligarchy
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
[...] The Fed, as suggested, had nothing new to say, except perhaps to scale back to near zero any speculation that the Fed will be returning to a normal monetary environment anytime within the next year or so.
I am anticipating an increase in special Fed programs and even more extraordinary action before a cessation.
And there will continue to be the use of secrecy, deception, and ‘perception management’ which will make any and all reform but a thin veneer.
The idea that the Fed would terminate QE sometime later this year is laughable, almost as funny as the notion that the Fed is making objective scientific judgements about specific policy actions based on solid economic data. The Fed, by its own self-rationalizing admissions, cannot find the bubbles emanating from its collective bottom, even with both hands.
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2013-05-01 13:16:47
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