The Federal Reserve has one nasty “temporary” problem. Not in the way that it claims or in the way the Biden administration wants to think and talk about it. Instead it has a problem with the things it says will be temporary being temporary at all. Right now inflation is the clearest example, but really this has been going on for a while. And, from the look of it, it will be going on for far longer. | Pot’s Coming “Bitcoin Moment” The only thing more hated and attacked by governments than Bitcoin is... Marijuana. Which is what makes the coming catalyst so potentially lucrative. Federally legal or not, pot is becoming a mainstream institution... Just like when banks and big corporations got behind Bitcoin, sending it to $50,000. And that’s why the biggest pot profits are coming NEXT. Click here for full details. | Nearly 13 years ago, the Fed started a temporary program born from the financial crisis. Quantitative easing kicked off as a way to soak up toxic assets, namely mortgage-backed securities (MBS). While the stock market recovered and the housing crisis was unwinding, the supposedly temporary QE did not. Instead QE 2 was added to the mix in 2010, soaking up Treasuries. Next was QE 3, which kicked off $40-billion-per-month open-ended MBS purchases. Purchases came to a halt at the end of October 2014, but it was hardly a true end to the program. After all, the Fed had racked up $4.5 trillion on its balance sheet. A true end to this supposedly temporary action would have seen a good $2 trillion in Treasuries and about $1.7 trillion in MBS slowly sold off, or at least slowly removed as they matured. That kind of started to happen, but it didn’t count for much. Behold how much of a taper actually happened: 
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Adam English  @AdamEnglishOC on Twitter
Adam's editorial talents and analysis drew the attention of senior editors at Outsider Club, which he joined in mid-2012. While he has acquired years of hands-on experience in the editorial room by working side by side with ex-brokers, options floor traders, and financial advisors, he is acutely aware of the challenges faced by retail investors after starting at the ground floor in the financial publishing field. For more on Adam, check out his editor's page. *Follow Outsider Club on Facebook and Twitter. | 
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