Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

June 17, 2017

Is Yellen Taking Trump Down?


     For one reason, and one reason only, the Fed has made certain that all Treasury securities issued lately paid no-or-low interest rates: to keep Washington communists from facing the consequences of a wild-spending fiscal debauch during the Barry Soetoro years.  The interest expense a free market should've charged to cover their execrable deficits would've brought the Federal Government down, and every Marxist in what is laughably still called the "Democratic" Party should've been run out of town for it.  Instead, a T-bond market rigged by the Fed has kicked this shitcan down the tollroad, letting insidious political monsters buy votes with free stuff to the point where the capitalist economy has turned dysfunctional.

     This week, J. Smellin' Yellin announced that the Fed would start to reduce their Treasury bond holdings some day kinda soon, but left the specifics unspoken so that nobody knows what the huh? she's talking about, including us.  A sudden full policy reversal could cause the markets to revisit our guns and butter days, a time that saw interest rates on the long bond approach 20%, which would surely spawn a catastrophic stock market "matter", in the risible parlance of a recent pinko Attorney General.

     Since all of Nether Washington is preoccupied with this villainous attempt to defeat Superdonald some day soon, one can't help but wonder about Smellin's intentions.  Is she in on the coup detat?  Mouthing off again is all it would take to pile on at a strategically opportune moment, and inflict a crippling blow.

     In short, add J. Smellin' Yellin and her smarmy pack of Monetary Archfiends to the long, long list of maleficent swamp critters The Man of Deal needs to squish underfoot as our heroic patriot sloshes through muck and mire to deliver on his righteous promise to MAKE AMERICA GREAT AGAIN.