The fed is close to being checkmated.

Read the comments and summary of the latest meeting of the Federal Reserve con men (and women).  It's all about perception now folks.  The fed is worried about the one thing that a con man has to worry about when running a con game and that is confidence of the suckers.  The fed rightfully sees that the herd is nervous and so now it is thinking about changing the goal posts on when to raise interest rates.  It seems that hitting a 6.5% unemployment target might not be good enough after all.  Well, of course it's not because the real unemployment is more like 12% when you count all of the people who have just given up looking for work because welfare is good enough for their sorry a$$es. 

Yellen cannot have it both ways.  Either the stimulus worked and she can pull it back or it will never work and she can never pull it back without a crash landing.  As a student of the Austrian school of economics I think you know what my thoughts are on this but I'll be specific: A crash landing of the very sudden and violent sort is already assured even if nobody can be exactly sure when it arrives.

It can come one of two ways: a deflationary crash or massive inflation. In the first scenario, the banking system is toast and so is anyone's money which might be caught up in it.  In that case, the economy is toast and jobs will collapse.  In the second case, you might have a job but it will pay less and less of your bills as gasoline and milk hit $8/gallon in the US.  There will be food riots and the very unity of the United States will be greatly questioned.  Secession of several states is not out of the bounds of possibility in the case of massive or even hyperinflation.   But soft landing is completely impossible despite what stupid people on TV try to tell us (including stupid con woman Yellen herself).

You know we are in deep do-do when the only thing the fed focuses on is how not to spook the herd because it means the fed knows the herd is nervous.  But the fed is not the only worry; the herd can get spooked in many ways.  There are lions and tigers and bears that can do the spooking perfectly well on their own.  Once the herd starts moving south (as evidenced by 500 points or more lost on the Dow in a single day), the fed is useless, toothless and helpless to stop the stampede.  Even Charles Ponzi could not eventually stop everyone from leaving his scam even though he survived the first run on his system as we did in 2008.   

There will not be another saving of the system. 

Once it begins to collapse the next time, be sure you have already in advance stocked up on food, water, guns, ammo and safe accommodation.  There is no way this global debt Ponzi ends in any manner except badly.