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Minneapolis Fed President Neel Kashkari wants us to believe that the Fed
is not a political entity.
Kashkari is either ignoring reality or simply providing cover for the
single most political Fed in history. This is not a Left vs. Right issue,
this is an establishment vs. legitimate reform issue.
Consider 2012. Supposed “Republican” Ben Bernanke launched QE 3 as a clear
gift to the Obama administration’s re-election bid. The data didn’t warrant
another QE program in any way. Moreover, the Fed was already engaged in
Operation Twist at the time.
Unemployment had declined steadily since the 2009 recession ended.
 
GDP growth rate had bumped higher from the 2011 dip.
Again, there was no real justifiable reason for the Fed to launch another
QE program, let alone an open ended one. This was a clear gift from a Fed
Chairman to a sitting President regardless of political party affiliation.
Today the politicization is even more obvious. We have Fed Governors
openly contributing to Presidential candidate’s campaigns. And Janet Yellen
met privately with President Obama in April 2016.
The official reason for this was to discuss “the economy and income
inequality” but anyone with a functioning brain knows Obama was giving Yellen
her marching orders to prop the markets up until the November election.
Why would two issues that have been in place since 2009
suddenly warrant the first private one on one meeting in 18 months… a mere
eight months before Obama leaves office?
Again, the Obama Yellen meeting in April was very likely to put an
election year fix in place in the markets. I and others have commented that
since that meeting “someone” has very clearly been stepping in to defend the
markets any time they take a nose-dive.
Every time this occurs the buying is both urgent and indiscriminate= the
hallmarks of manipulation. REAL buyers do NOT panic buy billions of dollars
worth of futures in a 1-minute span.
Again, the Fed is indeed a political entity. And this particular Fed is
the single most political Fed in history. This is not about Left vs. Right,
this is about maintaining the current political/financial power structure in
the US at all costs.
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