The Phaserl


A MOMENT of honesty from the media, about the Fed

by Jeff Nielson, Bullion Bulls:

There are few constants in the world. But one of these constants is the Federal Reserve never tells the truth about interest rates, and the mainstream media never tells us the truth about what the forked-tongues at the Fed are really saying.

For more than 7 1/2 years, the Fed Liars have been promising to raise interest rates. The initial promise from the Fed was that it was going to IMMEDIATELY NORMALIZE interest rates, at the beginning of 2009. The Fed Liars called this their “exit strategy”. For more than 7 1/2 years since; the Fed-heads haven’t done what they have promised to do, again and again and again. Indeed, they have long since ceased to use the term “exit strategy” — as apparently neither they nor their media sycophants could continue to utter the two words with a straight face.
This consistent, relentless repetition of the same lie prompted the nickname for B.S. Bernanke as “the Boy Who Cried Exit Strategy”. More recently, Janet Yellen has been dubbed the Girl Who Cried Exit Strategy.

The Boy Who Cried ‘Exit Strategy’
The Girl Who Cried ‘Exit Strategy’

Yet for more than 7 1/2 years, the corrupt and/or mindless sycophants of the mainstream media have continued to treat each new promise as the Gospel. It defies plausibility. Fool me once, shame one you. Fool me twice; shame on me. Fool me dozens of times, and it means that I’m being paid to pretend to be “fooled”.

In such a world, when the mainstream media spews out a headline which is (for lack of a better word) “honest”, it represents real news. It is with this context in mind that we can view the headline below.

As Fed ends meeting, few expect much clarity on next hike

After more than 7 1/2 years of the Fed-heads saying one thing, but doing another, this is the ultimate of understatements. However, it represents the “culmination of wisdom” from the mainstream media. In other words, it requires translation. Try this:

As Fed meeting ends, no matter what the Fed-heads say, it won’t mean anything.

The Boy Who Cried Wolf. The Girl Who Cried Wolf. The one thing we know, with absolute certainty, following years of experience, is that we cannot trust them. This is about as close as the mainstream media will ever come to acknowledging that fact.

Calling it “honesty” may be seen by some as torturing that word. However, after 7 1/2 years of what we are used to seeing from the mainstream media as the Fed’s entourage of Apologists, it represents a small step in the right direction.

In other words, don’t expect it to be repeated…

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