The Federal Reserve is committed not to the health and wealth of citizens, but to that of the international banking system. New information on lending programs reveals the depth to which this is true.

Do any of us really believe our fearless leader at the Federal Reserve when he makes statements like "we are not seeing any inflation". We think most traders and even the average investor knows this is just not true. As countries like Egypt see food prices surging.

The Federal Reserve is on a slow march to oblivion. The credibility of the hollow men erodes further with each passing day. The mystery has faded, the magic gone. Only incompetence and ineptitude remain.

Traders expecting clarity and stunning announcements coming from today's FOMC meeting were disappointed as the Federal Reserve is intent on maintaining the course it set at the August meeting.