Well in light of the market getting slammed today because of the Fed/ Ben Bernanke’s comments that they will be putting the brakes to/ tapering off the Stimulus aka Monetizing the Debt aka Bailouts I thought I might share this “oldie” but a goodie about what it is the Fed is really doing aka Money Laundering. For those who have an issue with the “Host” do me a favor IGNORE the messenger listen to the message.
Fed tapering could begin later this year
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) â€” Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank may start to scale back its asset purchases later this year if the economy continues to strengthen, as the central bank expects.
The Fed, which kept monetary policy on hold after a two-day meeting, signaled greater optimism about the economy, forecasting that the unemployment rate could fall to 6.5% by 2014, one year sooner than the central bank had previously estimated. Read MarketWatchâ€™s blog of the Fed announcement and Bernanke news conference.
The Fedâ€™s newly revised forecast and Bernankeâ€™s comments slammed U.S. financial markets. Stocks on Wall Street ended sharply lower and the 10-year Treasury yield 10_YEAR +1.69% surged to 2.33%, its highest level since March 2012.
The central bankâ€™s $85-billion-a-month bond-buying program has helped prop up stock prices and keep U.S. interest rates ultralow...more