What would you do it you found out...
the Federal Reserve has been controlling the stock market?
The build up:
"Although the main interests of the Federal Reserve are macroeconomic in nature, well-functioning financial markets are ancillary to good economic performance. Conversely, financial instability can compromise economic growth and price stability. Because of this intimate connection with economic performance, the Federal Reserve has a clear interest in promoting the stability of financial markets. [Via the trading desk of Brian Sack located at 33 Liberty Street, Floor 9]" -- Former Fed Governor Fred Mishkin, 2007
Select quotes from the story you don't want to miss if you're invested in the stock market:
"... the Federal Reserve has now managed to singlehandedly take over the entire capital market."
"... as long as there is no regulatory reform ... , as long as financial system crutches persist and as long as the opportunity cost of being wrong is zero (and borne only by US taxpayers), US equity markets will continue to be a scam."
"Therefore, [we advise] all readers to immediately remove all their capital from the stock market, until such time as proactive steps are taken to remedy these numerous concerns, or alternatively suffer the consequences of not only another Fed inflated market bubble, but the even sadder consequences of its unwind."
Best reader comment:
"Amazing story in the history of the USA. It took 1 year to piece together all the pieces of the puzzle. Well, it's just seen the light of day. Thanks to all that prepared this report. Perhaps the NYSE should remove that US flag in front of the Stock Exchange. What a joke........... Free markets??"
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