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- It took a lot of chutzpah for Pres. Obama to double the national debt, then in his #SOTU address take credit for having reduced the deficit!
- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- South Koreans On Track to Buy Record Amount of Physical Gold @SchiffGold http://bit.ly/1VZFUmr
- Gallup's U.S. Economic Confidence Index averaged -12 in July, down from - 8 in June, hitting its lowest average since Oct. 2014.
- @toozoned50 of course. But he won't ask.
- Which States Rely Most on Federal Spending?
- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Even with an upward revision to Q1, the annual growth rate of U.S. GDP in the 1st half of 2015 was just 1.45%
- Buchanan on Knight
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
Wednesday, March 9, 2016
Question about QE, negative interest rates, stimulus, and fed action?
So I totally agree with Peter Schiff that the economy is screwed, and that you had better have gold or get left behind. I also agree with him that the federal reserve is full of shit, knows the economy is crap, and doesn't want to raise rates, and that they indeed want to stimulate and go negative. The economy has too much debt, the US gov has way too much debt, and if rates should ever go up the whole thing will go to hell. **But will they raise anyhow?** At this point, the fed must know that the minute they cut rates, the minute they stimulate, that gold will go nuclear, and the dollar will go into the toilet. The minute they veer off the tightening cycle, there is a real threat that the US dollar will fail as a global reserve currency immediately, and everything will go to complete hell. It's just like in the 80's, I'm sure they didn't want to raise the prime interest rate to freaking 21%, but they did anyhow so they could keep control. So in the end, is it not far more important for the state and the fed to have people using their "monopoly money", than it is for them to finance state programs at a low interest rate. What's to say, they won't just say dammit it all to hell, pop the bubble, we are raising the interest rate to infinity, and will deal with disasters and financial institution failures on a case by case basis? I mean, I'm not sure if the state or the fed has the balls or discipline to pull it off. It seems no government ever does. But surely they've got to know that it is "end game" for the US dollar, and their US dollar control, if they don't?