Hello for the Roa Capitals, hope you're well.

So I am back from St Bartz.

I'll tell you all about it in another video,

but right now we got to go over the big news, Jerome Powell

in Jackson Hole coming out and talking about what the Fed may do next.

Let's get right over to Zero Hedge and check it out.

Let's do the screen share and here we go.

So the first quote from Fed Chair Powell,

very hawkish, a long way to go is what he is saying about current consumer price inflation and keep in mind. I think this is just him saying, okay, what do I want the market to do?

Therefore, what do I need to say to get the market to do what I want it to.

I think most people take the Fed drone Powell kind of at face value like okay well what is he

saying well whatever he says he's going to do he's kind of giving us some insights as to how the Fed is thinking.

No, no, no, no, I do not believe that at all.

I believe the Fed is simply saying, okay, this is a PSYOP, not not like a conspiracy theory this is just a psychological operation

what do we want the market to do okay we want the market the stock market to go down we

want you know the longer the yield curve to go down. We want the long end of the yield curve to go up. We want the

unemployment rate to go up. Okay, how can we do that outside of raising rates?

So there's just the raising rates bucket and then there's the psychological component. Anything he says at Jackson Hole, I would take with a grain of salt as far as how it pertains to actual interest rate policy.

I would look at everything through the lens of psychology.

So what he's saying here by taking a hawkish stance is not necessarily that they're going to raise rate I don't think it gives you any insight there

What I think it does do is tell you that the stock market is still too high and the unemployment rate excuse me the yes I'm sorry the

unemployment rate is still too low so you say well George isn't that just

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