At the Fed's Jackson Hole symposium last month, there were strong hints from Fed Chair Janet Yellen and Vice Chair Stanley Fischer that they want to raise rates in the near future, but they have broken such promises before.
Those broken promises are likely what lead investors to continue their staggering complacency, and they missed some very disturbing noises about the Fed's plans to deal with the next recession.
These plans are unconstitutional and dangerous, but they're only the next step in a quiet revolution that's already being waged by central banks worldwide.
Credulous, complacent investors put themselves at risk of catastrophic losses as this "revolution" moves further along toward its only logical conclusion...
The wholesale destruction of free markets - and the wealth that people have parked there...
Tags:The Fed
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