“Investors trust the Federal Reserve to protect their money…just as the Fed makes their investments less trustworthy! Because the more influence the Fed exerts over prices, the farther they move away from where they ought to be. Ah yes, dear reader, that is one of the curious, always-fascinating feedback loops that keeps life on planet Earth ‘normal’. Whenever things get too weird, something intervenes to make them less weird. And one of those things is a certain Mr. Market. It’s all very well for investors to believe the Fed won’t allow them to lose money. That’s what makes it possible for non-delusional investors to make a lot of money.”
http://www.dailyreckoning.com.au/us-market-crash-alert/2013/08/23/
Related posts:
Selective Outrage Will Not End Government Abuses
Many Intellectuals Can't Stand Jordan Peterson. Why?
Washington frets over Saudi ties
How a $1 Bag of Salt Water Becomes a $546 Bill at Hospitals
Jeffrey Tucker: Has the Fed Met Its Match?
Just Wait Until Ferguson Police Get Federally Funded Drones
When The Media Lauded Clinton's Gestapo Immigration Tactics
Bill Bonner: Gun-Toting Health Enforcers
Pat Buchanan: Too Many Wars. Too Many Enemies.
Jacob Hornberger: Gun Control? What About U.S. Arms Sales?
Jacob Hornberger: Massacres, Here and Abroad
Interview With Daniel McAdams, Ron Paul's Foreign Policy Advisor
Never Mind the Wall—They’re Building Warehouses for Immigrant Children
Tor and the Silk Road takedown
Glenn Greenwald: What Foreign Policy “Debate” Means on “Face the Nation”