Stay aware. Stay vigilant.
The inconsistency of Neel's comments shouldn't really be that surprising if you've been paying attention.
This is why we Bitcoin. It allows us to walk away and starve the evil State.
Think about how far away the Fed has gotten from its original mandate. The Fed was originally forced upon us under the guise that it would only intervene to lend to the banking system when the economy needed to be stoked.
The paradigm shift has been here for more than a decade. Most people just don't realize it yet.
This is why we Bitcoin, freaks. Bitcoin is completely bereft of the control levers that can be taken advantage of by greedy politicians and central bankers that exist in the current system.
The Fed feels compelled to intervene within hours to a market hiccup and continue that accommodation into a second day. Essentially conducting QE without officially conducting QE.
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