The Fed Is Lying To Us, by Chris Martenson

Pay no attention to those sudden emergency infusions of liquidity from the Fed; everything is perfect. From Christ Martenson at peakprosperity.com:

“When it becomes serious, you have to lie”

The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us.

Their words seek to soothe us that “everything’s fine” and the global economy is doing quite well. But their behavior reflects a desperate anxiety.

Put more frankly; we’re being lied to.

Case in point: On October 4, Federal Reserve Chairman Jerome Powell publicly claimed the US economy is “in a good place”. Yet somehow, despite the US banking system already having approximately $1.5 trillion in reserves, the Fed is suddenly pumping in an additional $60 billion per month to keep things propped up.

Do drastic, urgent measures like this reflect an economy that’s “in a good place”?

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3 responses to “The Fed Is Lying To Us, by Chris Martenson

  1. I have always wondered if the “apolitical” Fed lowered interest rates and did QEs to help Obama and tried QTightning and increased interest rates to get at Trump–>led to his yelling at Powell to reverse them.

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  2. I found the below today relative to my comment above:
    “In October of 2016 Ms. Yellen was arguing to run a “high pressure economy” (Fed speak for lower for longer rates and high balance sheet level continuance) when it was virtually assured via the polls and press that Ms. Clinton would emerge victorious.Then the exact opposite happened, and the Fed then announced they were now “Hawks-R-U.S.” complete with a detailed schedule of implementation for reducing the balance sheet, along with signalling that rates would now rise – and fast!”
    From: https://markstcyr.com/2019/10/20/autopilot-one-year-later/

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    • Brandon Smith has written a number of articles about central bank plans to derail Trump, most of which are posted on SLL. Just put Brandon Smith in the search box if you’d like to read what he has to say.

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