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The FED Will Do Nothing, The Punch Bowl Must Remain Until After the Elections - Nathan McDonald

From the archives of sprott money news

August 25, 2016

Stocks continue to march higher as the world waits to hear the jawboning of Janet Yellen and other key officials in the upcoming Jackson Hole meeting.

Over 85% of market participants that were asked stated that they believe the FED is going to have a Dovish stance when it comes to interest rates. And why not? Why would they take action and try to curve this reckless economy before it completely goes over the edge?

The answer, of course, is because they don't care. Stocks are moving higher and the elite are making bank. They are cashing in on this global Ponzi scheme that is known as fiat money and they are riding this gravy train until it all blows up, hoping to leave the middle class holding the bag as they have done countless times throughout history.

Janet Yellen will put on her "dog and pony" show, attempting to confuse the masses with a large string of complicated and confusing words, while the bankers and other financial key figures that her speech is actually targeted towards know exactly what she's saying: "Keep those printing presses running!"

A large list of excuses will be interjected in her speech, most notably the recent BREXIT results, which you can rest assured she is going to cite more than once.

But will she touch on the fact that elections are upcoming? Or her candidate of choice, Hillary Clinton, is running on a platform of "staying the course" and continuing on the "legacy" of Obama, one of the worst presidents in American history?

The FED knows that they cannot rock the boat before elections. They know that if anything, they must not only maintain, but directly try to influence the markets in the short term, stimulating and adding fuel to the already blazing fiat fire in any way that they can.

Causing a near term collapse in the economy by removing the proverbial punch bowl is not an option for the global elite. They already made a huge miscalculation in the recent BREXIT campaign and they will do everything they can to stop the people from taking the bull by the horns.

They will do everything they can to keep Donald Trump out of office.

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About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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