Category Archives: yellen

Bernanke saga ends???

 

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Bernanke saga ends???

As we draw closer to the date of January 31st of 2014, a saga will end and bring in a new era for world central banks to follow…the “Yellenator”!

Bernanke or in my opinion “Bernhamlet” to “taper or not that is the question” has provided the financial markets additional stimulus injection Bernanke QE3 that history will remember for decades. Bernhamlet has created a legacy for himself that exceeds all previous FED chairmen, Greenspan or Summers.

During Bernhamlet’s tenure, he has had famous battles with the infamous Ron Paul amongst other Financial Committee U.S. senators, Bernanke Speech explaining the FED monetary policy stance and why it is effective.  He remained resilient and with his back against the ropes came out with the biggest knockout…Ladies and Gentlemen…”injection to infinity”. He has embedded his code to all central banks that  “stimulus” is the only option and inflation will be contained. We have seen 2013 become a year of “stimulus” and as it ended the debate to dwindle down “bond purchases”. Even his famous quote “data dependant” regarding to increase or decrease stimulus has been imitated by numerous central bankers, including our very own Bank of Canada chairman, Stephen Poloz and previous chairman now Bank of England ..Mark Carney.

With the new chairman on board the Yellenator, Bernhamlet has groomed the new prodigy to enforce his mantra. Yellenator will add her own twist, yet she will remain on the similar path to assist a sinking Titanic the U.S. economy that in time will have no option but to relinquish it’s dominance as the world currency.

For now, Bernanke has created more breathtaking illusions that the great Houdini or David Copperfield would ever imagine. Truly create nothing out of nothing..increase stimulus = more paper debt placing future citizens indebted for a lifetime. Whether Bernanke has left his post, the “Wizard of OZ” will always remain behind a hidden curtain. Thank you Bernhamlet for creating the biggest “credit” creation in history.

 

 

 


Yellen is back!! | Janet Yellen

 

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Yellen is back! Or should I say “Yellenator” is baaaaaaaaaaaaaaacccckkkk!!

The chatter continued through the summer…”Summers or Yellen“?? Back and forth like a tennis match. Yet Summers bowed out and gave the new queen of “injection” Yellen the official role. Janet Yellen Bio is impressive and will become the first female to lead the Federal Reserve Board. Although the markets tried to create new candidates…even the infamous “Geithner increase your cap limit ECB” was mentioned? Could we imagine that?

Yellenator was the only choice…she consults with Bernhamlet on his FOMC meeting minutes & FOMC Statement….how could she not be the chosen one? She is the “status quo” for Wall ST…the “fat cats” will continue to see the equity markets inflate as all “hail rise to Yellenator”.

Bullion markets have loved Bernhamlet ..can the Yellenator provide the same boost?? Yellen will be challenged yet she will keep the “ship afloat” for how long? While the US continues to play their “Hollywood epic” to the world, the world is looking to other alternatives and will the USD be tagged with an SDR? Overall, markets are pro “stimulus” regardless of “taper” talks…there will be no “Octaper” ..”Decaper” or even “Janaper.

If we do see tapering…expect the return of huge stimulus in the future. The US cannot operate their military machine nor pay their bills and risk default, US debt limit will increase and all will remain “status quo”. As well the Federal Reserve Balance Sheet needs to continue to increase their bond purchases. Who else will buy these “toxic assets” leftover from 2008. How will this play out….2014 or maybe 2015 alot of changes expected for our world financial system.