Waiting for primary dealers and debt advisory committee

Stocks Blast Higher On WSJ Report Fed May Signal "Wait And See" Approach

The terms of trade changed on the Treasury curve so the Fed has to wait and see how much  liquidity the debt cartel can scrounge before it continues.

This is the two step problem since we use the treasury curve as a bench mark,  direct interest charges cannot happen until the debt cartel determines what all the derivatives are for the new terms of trade.  This is why we crash, using the two step process makes the currency banker fall behind during a change in terms of trade.

Mathematicians call it meeting the Euler condition, there has to be enough second derivative to make the turning point, and there isn't.  Normally the two step works for a while, but it leaks as the system requires marginal market making from the super wealthy.  So the debt cartel has to collude with  wealth.have to collude with the debt cartel.   By 'making the treasury market' the super wealthy determine the volatility in advance and have special information other do not.

So when voters vote for one thing and get a monster debt problem, the wealthy get to charge them a higher fee and tax as a result.  We need to inform voters, this is not a proportional democracy, and you will be robbed without realizing it as the debt cartel meets the government interest charges..