What a tangled web we weave, when we first practice to deceive... this is the inevitable legacy of the institution known as the Federal Reserve. And like all things built upon lies and fraud, eventually that foundation falls apart when the winds blow around it with significant strength. Back in September of this year, the Fed surprised most of Wall Street when they chose not to raise rates despite the popular notion that unemployment had fully recovered, and where inflation was harnessed at below 2%. And like Bernanke/Yellen's clone over at the ECB, who spoke on a specific monetary policy for more than two years before it was finally enacted, the U.S. central bank is as well an impotent creature that relies upon propaganda much more than it does action because it has reached a point where they have no idea what they are doing.
But following this September rope-a-dope on interest rates, the puppets at the Fed almost instantaneously began chattering that in December they would absolutely raise the rates that they seemed unable to do despite their own rhetoric and manipulated data. And once again, Wall Street lapped it up to now an estimated 71% of analysts believe that the Fed will finally follow through and move the counter skyward.
So if everything in the eyes of the central bank are beautiful, and the stock markets are back to the levels they were prior to the August pullbacks, what could possibly cause the Fed to announce on Nov. 20 that they are calling for an emergency closed door meeting just a few weeks from their next FOMC?
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 AM on Monday, November 23, 2015, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting Date: Monday, November 23, 2015
1.Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting. - Federal Reserve
An emergency meeting outside the regular FOMC to discuss the raising of rates? What could possibly be so dire that it requires an even greater amount of cloak and dagger, especially when the Fed's Vice-Chairman Stanley Fischer came out just two days ago and said, FED HAS DONE EVERYTHING IT CAN TO AVOID SURPRISING THEMARKET?
The fact of the matter remains, the economies in the U.S., Europe, and Japan are in recession, and are deteriorating fast. Retail sales are so dire this holiday season that businesses are starting their Black Friday specials two weeks in advance of November 27, and this was coupled with home sales falling off a cliff earlier this week, validating that the consumer is completely tapped out.
What is coming in December appears to be something much greater than simply an announcement to 'raise interest rates', and may be just the opposite, especially after Yellen sent up the trial balloons earlier this month of the potentiality of negative rates. And this leaves everyone who is outside the cabal to have to face some very disturbing choices because if the Fed sees something that they have kept hidden from the public regarding the dollar, the economy, or the paper markets in general, then those who have their money and wealth inside the banking and paper systems better be prepared for a reaction that is beyond anything we have seen in 90 years, and could be the start of a new monetary policy that makes the TARP bailouts from seven years ago just a drop in the ocean.