The Federal Reserve System has officially abandoned decades of economic policy based on interest rates.

On February 23, 2009, the FED launched a new Web page devoted to explaining its new policy: direct injections of fiat money into the economy to prevent an economic collapse. It does not explain the new page in this way, but this is what the page means. Here is the page:

This reveals desperation. The Federal Reserve no longer knows what it is doing. It is making this up as it goes along.

If you are thinking of shorting this stock market, here are my suggestions.

You had better monitor the FED on a regular basis. That's why I provide links to several important Federal Reserve charts in my FREE MATERIALS category.

You can come here for further analysis if you're a member.

For a very good introduction to Federal Reserve policy, click here.

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