Is It Possible To Talk Out of Four Sides of Your Mouth? – Steven Menking

Is It Possible To Talk Out of Four Sides of Your Mouth?

With Deutsche Bank hitting a fresh all time low today and getting within striking distance of the psychologically important $10 price point, we just might find out the answer to the question in the title of this article. That’s right ladies and gentlemen… Back again for the very first time, fighting out of Jekyll Island, in the green trunks with the white trim: it’s THE FEDERAL RESERVE! Everyone’s favorite central bank – based on the way economists, investors, and most importantly trading algorithms hang on every jot and tittle of its mouthpieces and press releases – is set to make another policy announcement this week, which means that we’ll get to hear once again from our dear monetary grandmother.

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The Global Two Minute Drill: What Happens When the Cracks in the Foundation Are Too Obvious to Ignore, Cover, or Patch? Steven Menking

Posted on September 18, 2016 by The Amateur Society

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In the past I’ve written about how our economic and governmental institutions are currently maintained because of a perception of confidence. In A Collapse in Credibility I anticipated a hastening erosion of confidence in the Federal Reserve. Fast forward three months and even mainstream media outlets are questioning the effectiveness of the ongoing emergency monetary policy at the Fed in light of their lies concerning data dependence and their lack of direction. Some are even openly declaring that the unprecedented monetary policy pursued over the last decade has failed. While this was by no means a difficult forecast, to this day it remains opaque to those who hold on to the beliefs that the Fed has their best interests in mind, is focused only on its stated objectives, has the power to achieve its stated objectives, and provides accurate forecasts.

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