{"id":31324,"date":"2018-02-21T08:01:02","date_gmt":"2018-02-21T13:01:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31324"},"modified":"2018-02-21T08:01:02","modified_gmt":"2018-02-21T13:01:02","slug":"new-fed-chairman-will-trigger-a-historic-stock-market-crash-in-2018","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31324","title":{"rendered":"New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018"},"content":{"rendered":"

New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018<\/a><\/h3>\n
\n

<\/p>\n

Ever since the credit and equities crash of 2008, Americans have been bombarded relentlessly with the narrative that our economy is \u201cin recovery\u201d. For some people, simply hearing this ad nauseam is enough to stave off any concerns they may have for the economy. For some of us, however, it\u2019s just not satisfactory. We need concrete data that actually supports the notion, and for years, we have seen none.<\/p>\n

In fact, we have heard from officials at the Federal Reserve that the exact opposite is true. They have admitted that the so-called recovery has been fiat driven, and that there is a danger that when the Fed finally stops artificially propping up the economy with constant stimulus and near zero interest rates, the whole farce might come tumbling down.<\/p>\n

For example, Richard Fisher, former head of the Dallas Federal Reserve, admitted a few years ago that the U.S. central bank has made its business the manipulation of the stock market to the upside<\/a>:<\/p>\n

What the Fed did \u2014 and I was part of that group \u2014 is we front-loaded a tremendous market rally, starting in 2009.<\/strong>It\u2019s sort of what I call the \u201creverse Whimpy factor\u201d \u2014 give me two hamburgers today for one tomorrow.<\/strong><\/p>\n

I\u2019m not surprised that almost every index you can look at \u2026 was down significantly.<\/strong><\/p><\/blockquote>\n

Fisher went on to hint at the impending danger (though his predicted drop is overly conservative in my view), saying: \u201cI was warning my colleagues, don\u2019t go wobbly if we have a 10-20% correction at some point\u2026. Everybody you talk to \u2026 has been warning that these markets are heavily priced.\u201d<\/strong><\/p>\n

One might claim that this is simply one Fed member\u2019s point of view. But it was recently revealed that in 2012, Jerome Powell made the same point in a Fed meeting<\/a>, the minutes of which have only just now been released:<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018 Ever since the credit and equities crash of 2008, Americans have been bombarded relentlessly with the narrative that our economy is \u201cin recovery\u201d. For some people, simply hearing this ad nauseam is enough to stave off any concerns they may have for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[6703,18769,5993,303,16888,501,11464,11132,3650],"class_list":["post-31324","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alt-market","tag-birch-gold-group","tag-brandon-smith","tag-fed","tag-jerome-powell","tag-market-crash","tag-richard-fisher","tag-us-central-bank","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31324"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31324\/revisions"}],"predecessor-version":[{"id":31325,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31324\/revisions\/31325"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}