Federally Faked Friday – Fed Helps Dress the Windows to End the Quarter

Image result for janet yellen money printingWhat a scam! 

As soon as the market drops, Yellen drops a bombshell, saying last night that:  "The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds.  It could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions," she said, adding that buying equities and corporate bonds could have costs and benefits.  Currently, the Fed does not have the power to buy equities directly – but they want it!  

And if that wasn't enough Fed manipulation for one day, now Fed Gov Kaplan will be unleashed at 1pm and he was not scheduled when we looked on Monday.  Kaplan is from Dallas, which is still depressed, and he's a big dove AND he's a former Goldman Sachs (GS) executive, so guess what's going to happen at 1pm?  Kaplan is the guy who replaced the hawkish Fisher and had a lot to do with knocking back Fed rate expectations this year.  Fisher was was very against QE3 and also was the only guy on the Fed who saw the housing crisis coming.  He was "retired" last year at 64 and replaced by a Goldman stooge. 

Image result for trump top 1%And why shouldn't the Fed buy stocks?  The Bank of Japan is already the largest shareholder of 70% of the listed companies and look how well that's working for Japan.  After all, when your Central Bank buys stocks at ridiculous multiples near their all-time highs – how can they lose?  Even if the stock goes down, they write off the loss and it becomes part of the National Debt and the Bottom 99% pay it off – either way the Top 1% people and corporations get another massive transfer of wealth.  Go Top 1%.  

That chart, by the way, shows the MINIMUM amount you need to be in the club so, next time you are at an event, watch out for posers…  It turns out that most of the Top 10% THINK they are in the Top 1% and vote like they are in the Top 1% – even
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