Just remember when the crisis hit in 2008, everybody agreed its... all Greenspans fault because he kept interest rates too low, too long. And so what have we done for 5 years? Lowered them and kept them... Fmr. Rep. Ron Paul responds to the Feds announcement that it will end QE, but keep interest rates low. >>> My comment: The FED CANT raise interest rates. Its painted itself into a corner. If interest rates rise, the entire economy will collapse because the federal government wouldnt be able to pay the interest on the debt. It would have to admit it had a major problem and go bankrupt. Instead, theyll keep interest rates at zero (Banks will go negative ala NIRP). Theyll keep printing money and keep the charade going as long as possible. When people wake up that the dollar is worthless and printed into oblivion, all hell will break loose.
Posted on: Thu, 30 Oct 2014 06:51:41 +0000
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