Donald Swenson Blog | Two Monetary 'Czars' for Trump to Interview! | Talkmarkets
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Don Swenson has been a self starter and independent thinker from his early days in Minnesota, his adult years in Wisconsin, and now his senior years in Arizona.

Don was born in Roseau, Minnesota in 1943; graduated from high ... more

Two Monetary 'Czars' for Trump to Interview!

Date: Monday, December 5, 2016 3:28 PM EDT

Our markets are now totally ‘upside’ down with respect to rational expectations and basic logic. As ‘dire’ events happen (such as over in Italy or the Middle East) the stock indices (Dow, S & P, Dax, etc.) go UP and UP even while the historical thermometer for geo-political sentiment (Gold) goes DOWN/down. The logic of our markets is ‘ass backwards’ now that our Central Banks have huge trading rooms in which to manipulate all these electronic indices. I have been watching this conundrum for years but the evidence is now ubiquitous for those with some discernment. Markets are RIGGED by our Central Banks!

Select trading rooms with HFT computers and sophisticated coded algorithms can monitor and control our markets (any stock index or futures index) from behind closed doors. Who is aware that our New York Fed has some 500 traders working for them at 33 Liberty Street, New York? Does this trading room get any media attention? Is there any transparency given to what our Central Bank traders are doing in real-time markets? I witness little to none! Why is this so? Who are the two key decision-makers who can act to manipulate our market indices from behind closed doors? Think on this for a few minutes!

There are TWO key appointed decision-makers who have control over these trading desks at the New York Fed building at 33 Liberty Street. Who would these Czars be? They get little attention from the media yet they have CONTROL over most of our electronic markets (the key indices). Both are prior economists who have extensive ‘insider’ knowledge of our markets and what is happening in real-time (24/7). Let’s briefly meet these two decision-makers and see if we can discern some realities.

Simon Potter

 
 
Executive Vice President
Markets Group
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

Phone (212) 720-6309
simon.potter@ny.frb.org

   
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