Bill Bonner’s Diary (USA) – The Fed, with knowledge aforethought, intentionally shifted trillions in paper wealth towards America’s asset owners. Now, it has to try to keep those ill-gotten gains where it put them. The pressure of it must be getting to Janet Yellen. On stage yesterday, she was visibly staggered by it. She hesitated…she coughed…she hinted at rate hikes…and the whole world’s capital structure shivered.