Fed Chair Yellens Plan B: Intervene Directly in Stock MarketBy Stefan Gleason Are we due for another one? Perhaps. Some analysts think it will come after the election. Others think the stock market will stay elevated until the Federal Reserve raises rates. The Fed will be out of the picture this month at least as far as policy decisions are concerned. The Fed wont convene another policy meeting until November 1-2. Most Fed watchers expect the central bank to avoid making any rate moves so close to the November 8th election. For all the talk (and no action) on rate hikes this year, it appears that what this supposed rate hike campaign will amount to is the possibility of a single quarter point hike in December. And even that may not materialize. If markets suffer a post-election rout, the Fed could just as easily pivot toward talk of new stimulus schemes. In a video conference last week, Fed chair Janet Yellen indicated that the Federal Reserve is mulling the idea of responding to downturns by buying corporate stocks, corporate bonds, and other non-traditional assets: It could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions, she said. Fed officials have apparently given themselves the mandate of orchestrating interventions wherever Fed officials deem them to be useful. Back in the Alan Greenspan era, the so-called Greenspan put referred to the central banks willingness to support falling markets with monetary easing. Put (as in put option) was meant as a metaphor for Fed policy. But the Yellen put may in fact be literal. If Janet Yellen thinks its useful to buy or sell options, futures, shares, swaps, mortgages or other financial instruments, then whats to stop her from doing so? The Fed insists it is above any oversight or policy review by Congress. The Fed is slowly transforming itself from a national bank with a dual mandate to a national hedge fund with a mandate to manipulate all markets. For now, the market over which the Fed wields the most direct influence is the bond market. That influence can be expected to increase over time as demand for government bonds from the public and foreign central banks dries up while the governments borrowing needs grow ever larger. As Bloomberg reported, major world central banks, including Chinas and Japans, have reduced their positions in U.S. Treasuries for an unprecedented three straight quarters. China trimmed its Treasury holdings and bolstered its gold reserves ahead of the Chinese yuan officially gaining entry into the International Monetary Funds elite currency basket on October 1st. Russia is operating out of a similar playbook, becoming one of the worlds top gold accumulators to try to become less reliant on the dollar-centric global trade regime. The Fed can certainly intervene in the gold futures markets. But the more globalized the gold trade becomes and the more foreign central banks and individual investors accumulate gold in physical form, the less control the Federal Reserve will be able to exert. Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 Dealer of the Year in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, and National Review. I have no doubt the unholy unfed already own most of the world. The result will be an exponential increase in income inequality extrapolating the same Moral Hazard that has been destroying the middle class and causing massive poverty. These maniacs must be stopped or our money will be worthless and our credibility even more so. The USA is now on life support and TRUMP is the only one who can bring the country together to defeat these EVIL bastards 