fed

  • NO RATE HIKE – “Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent”
  • Gold and Silver Popping On the News
  • With No Rate Hike Fully Priced into the Market, Will the Cartel Drop the Hammer on Gold and Silver After Initial Reaction?

Full FOMC Statement is Below:

The weakness in precious metals – as the dollar soared – after yesterday’s Fed minutes has extended this morning as Fed’s Lacker unleashes even greater hawkish-ness. Gold bullion is back at 3-week lows, back below $1250 with its biggest drop in 3 months…

  • yellenThe Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent
  • The stance of monetary policy remains accommodative
  • 1 member voted to raise rates to 1/2 – 3/4%
  • Gold and silver go vertical on the release

Full FOMC Statement Is Below:

  • Janet Yellen begins her first FOMC Press Conference as Fed ChairwomanGiven the economic outlook, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent
  • Committee Expects Gradual Increase in Interest Rates
  • Gold and silver react

Full FOMC Statement is below:

Buy 1 oz .9999 Gold Buffalo from SDBullionThe USFed is so strapped, so deeply under siege, so overwhelmed, that it requires urgent help from the USDept Treasury.
So they have expanded QE to become Double Barreled Hidden QE to Infinity.
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $400 per ounce.  In reaching these levels, the ratio will return to the 25-1 range.  Several steps have been laid out toward the return of proper price to precious metals.
The steps will each involve a quantum jump in the Gold & Silver prices.  The process will take a few years, but might be breath-taking in speed once the process is begun.
The steps involve:


The Fed is nearing the End of the Monetary Road. 

None of this has been tried before and, to me, that just demonstrates the dangers. Once you get into a situation like the central banks did in ’08 with this panicking — everyone calls it the Hotel California — you can’t get out.

Play

gold2With Gold and Silver Smashed Again This Week, Harvey Organ Joined the Show to Break Down All the Action Manipulation, Discussing: 

  • 5 Tons of Registered Gold Left at COMEX, 40 Tonnes May Stand for Delivery:It’s Gonna Be Chaos!
  • Harvey Breaks Down Backwardation & Scarcity in London, With NY A FLOOD of PAPER Gold & Silver!
  • India Launches Scheme to Grab Citizens Gold
  • I’m Waiting For China“: Why Harvey Believes China Will Soon END GOLD MANIPULATION
  • When the Gold Runs Out at the NY Fed…That’s The End! 
  • With the West’s Gold Supply Nearing the Bottom of the Barrel, Will the Cartel Go After the Vatican’s Gold Next?

    The SD Weekly Metals and Markets With The Doc, Eric Dubin, and Harvey Organ is Below: 

Impeachment is a small step towards the replacement of the malefic hell that the central bankers inflict as they squeeze America to the “consequences of defaulting on a desperate bargain”.
Unless a modern day Lindbergh emerges to carry on the fight, the next generation will be even more ignorant of the forbidden history that put into motion the demise of our country. Today impeachment is a threat that was fine to use against Richard Nixon but was wrong to try William Clinton. For once a true bi-partisan agreement can be forged to use impeachment against the true and real enemy, the Federal Reserve.

  • Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate
  • The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor market
  • The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
  • Gold & silver smash commences…

dollar“Eventually the foreign exchange markets are going to get wise to this con. They’re going to figure this game out, and they’re going to realize that the Fed is never going to deliver on this promise [of a rate hike], that rates aren’t going to go up, that the balance sheet is never going to shrink, that it’s going to grow in perpetuity.  And then there is going to be a currency crisis…
Peter Schiff’s EPIC Rant on CNBC is Below:

fedDuring this 30+ minute interview, Jason asks G Edward Griffin about when things really started to go badly in the US and if 1913 marked a key historical point?
Griffin says the US Constitution was flawed and yet the US prospered for many, many years until collectivism started to massively accelerate during the Woodrow Wilson era.
Jason then asks Griffin about Keynesian Economics and if deflation will be allowed for a long period of time?
Griffin says there’s a big, important ideological battle going on now between collectivism and those who oppose it.

  • To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate.
  • The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market

Full FOMC Statement below:

BernankeThe pre-Fed period of the American Economy is pretty stable. Two spikes occur due to wars that we know disrupted the economy—and they’re pretty small, considering.
Interest declines to a lower level when the government was paying down its war debt. Things remain stable until the creation of the Fed.
After that, we get a rise, a protracted fall, an incredible and truly massive rise, and an endless freefall.