That was the mantra today as I listened to the shills on all of the financial networks prior to and after the taper announcement. The difference this time was the preponderance of shills were calling for NO taper as opposed to the last FOMC meeting when they were calling FOR taper. Of course we were "Data Dependent" each time which meant Taper was MORE likely this time???? Really???? What was the data change that provided the much heralded taper to be implemented this time as opposed to last time? Maybe it was the impressive number of large companies missing earnings this time AND the more impressive number missing top line revenue numbers. Let's not bore you with those companies and their numbers. Let's look at the results today. After implementing a disastrous health care policy and a further multi-trillion dollar budget deficit as far as the eye can see.......we had taper.
Even the MSM commentators let the cat out of the bag after it was announced by repeating that taper was implemented for CONfidence.......that'sright....CONfidence....CONfidence.....CONfidence!!!! But what if there's an even more devious plan underlying today's announcement. Always look at the banks. How do they make money on their prop desk. They make it trading and they make it by trading their book and they do that by setting up the other side of the trade. It doesn't matter whether its their clients even as long as there is another side. Go back and look at the recommendations of the big banks. Look at the preponderance of guests on CNBS. Once again the boat was loaded with NO TAPER talking heads and tipped over easily with a fake out down move to load the shorts when the surprise announcement was made for a resounding 300 pt approval move....which in fact was just the boyz making book on the algo bot short squeeze loaded in milliseconds.
These markets are so dangerous now with the speed of light algo bots that you can be butchered in less than a few seconds if you're leveraged and NOT a big boy. (see naked gold contracts dumped in thin trading). This is not the market any longer for peeps. Its a market of predators and not just any predators......only the biggest in the jungle can play on this savanna. Look at all of the mixed signals the Fed sent out to participants the past few weeks. Do you think that was to give the non-insiders "CLARITY"? Or do you think it was meant to keep you in the dark if you weren't on the special Fed Christmas list? WHY do you think it was the Last Lame Duck act of Ben's to taper? WHY not allow Yellen that honor? Could we get another taper now in January? WHY NOT? Do you really not get it? What's 10 Billion or 20 Billion when we are still printing 65 billion AT LEAST a month and slipping another 30 billion through multiple back door portals.......and that's just the U.S.......let's not go to the rest of the Central Banks.
Funny thing however, the real economy is running on fumes. There's NO escape velocity being achieved as the debt just keeps piling up. Funny how Lawrence Meyers almost choked earlier this year when an attractive young CNBS interviewer asked him a very pointed question about the velocity of money. He was caught so off guard by this critical metric being brought up that he tried to profess no knowledge of what the metric was and to make his lies worse, when she followed up with another question regarding the velocity of money he changed his answer AGAIN. It just emphasized how important this problem is for them. They have had NO response in this critical area of the ponzi and they must have escape velocity or the whole pyramid scheme will collapse.
Meanwhile back on the range the predators are going to finish off what is left of the meat on the bones of the unwashed market participants and of the mom and pop savers that were dumb enough to have savings believing they could retire off of the CD interest. For five years now the flesh of these peeps has been carved off of their principle until many are facing only their Social Security.
Go ahead and believe things are recovering on this "sugar high", after all, that's just what you're being told literally every five minutes on all financial MSM outlets......so it must be true.....THAT is why the repeat it over and over and OVER! Because they HAVE to CONvince you. Why do they have to shout it OVER and OVER if its true? If it were true don't you think it would be so obvious. After all.....each of the past three Decembers the economists and talking heads have given us 3% GDP and PLUS numbers as predictions.....and we all know how those predictions turned out.....yet....for 36 months straight we have been in a "strong recovery".
Big Banks are finishing you off while you're alive. They're carving what little real meat is left on your bones. Whether its stagflation or inflation that finishes you off......it won't matter......the system will reset. Its wash.....its rinse.....and its repeat. You see......that's how the big boyz make money. Ben knows exactly where the economy is. His masters know. Ben knew in 2005 there was a housing bubble.........when he said there wasn't. He knows exactly how this game is going to end too. His data is MUCH better than anything he shows us..........gl