Goldbugs Be Heartened, NY Fed president John Williams doesn’t have a clue about how the markets work, doesn’t listen to anyone else, and is destroying the US Federal Bank and it’s credibility from within.
Ya gotta love what this guy is doing.
WHO is John Williams?.
---John Williams Named Next New York Fed Chair April 2018 (https://www.zerohedge.com/news/2018-04-03/john-williams-named-next-new-york-fed-chair )
---John Williams: "The Fed Will Crash Markets & The Dollar" January 2019 (https://www.zerohedge.com/news/2019-01-27/john-williams-fed-will-crash-markets-dollar
---John Williams Warns: "Recession Already In Place, Watch Out!" May 2019
(https://www.zerohedge.com/search-content?search_api_fulltext=New York Fed president John Williams&sort_by=search_api_relevance&page=1)
---Clueless Keynesian NY Fed Head John Williams Breaks Up The Band: Plunge Protection Team Now In Chaos August 2019
---NY Fed president John Williams doesn’t listen to anyone------August 2019--
Powell Issues Gag Order To Fed Presidents: Report
by Tyler Durden Fri, 08/16/2019 - 11:14
“‘Following the recent dismal communication failures first by NY Fed president John Williams, and following that, Powell's own notorious July 31 "mid-cycle adjustment" press conference, a recurring lament among the investment community has been for the Fed to just keep its mouth shut, instead of continuing to yap and confirming that it is absolutely clueless about the economy and the future.
In a surprising twist, the Fed may actually be listening.
According to the Spectator, chair Powell has banned any public appearances by any Fed Board member, noting that "appearances at conferences have been canceled, all scheduled interviews have been abandoned and any comments on or off the record are outlawed
This unprecedented action, the Spectator reports, is a reflection of two pressures.’”
Did John Williams listen to J. Powel-------NO WAY!!!
John Williams latest revelation------September 20, 2019----
A Clueless New York Fed Is Examining Why Banks With Excess Cash Failed To Halt Repo Panic
“ New York Fed president John Williams, who earlier this year unexpectedly fired not only the head of the NY Fed's markets desk, Simon Potter, arguably the most important trader in the world, manning the world's most important trading desk but also the second most important person at the NY Fed's "Plunge Protection Team", the head of the Financial Services Group, Richard Dzina, said that the New York Fed is examining "why banks with excess cash failed to lend to the overnight money market, following a week that revealed cracks in the US’s financial plumbing."
READ MORE AT THE LINK
MEANWHILE back in 2012-----------
GOLD----HOW MANY HERE REMEMBER THIS NY Fed ARTICLE FROM 2012?
The New York Fed On The "Phenomenal Asset" That Is Gold
Tyler Durden 07/23/12
The New York Fed has a few words to say about gold:
“A PHENOMENAL ASSET
For centuries, gold had a profound impact on history, as a symbol and a storehouse of wealth accepted universally around the world. Gold functions as a medium of exchange, particularly in areas where currencies are distrusted. Yet gold has not been without controversy. The influential economist, John Maynard Keynes, referred to gold as a “barbarous relic.” Later in the 20th century, former Chairman of the Federal Reserve’s Board of Governors, William McChesney Martin, praised gold as "a beautiful and noble metal. What is barbarous," Martin said, "is man’s enslavement to gold for monetary purposes." Clearly, this precious metal has aroused great passion. It undoubtedly will continue to do so long into the future.”
READ MORE AT THE LINK