I was discussing with my colleges last week about the rare but impending rate hike that will occur before years end. While we all agreed on the rate hike most of us could not agree on why after 10 years the decision was made. Here was my take:
I believe “they” would do whatever to prop up crude in this environment.
I normally don’t pay attention to the rhetoric of this administration however that speech from the pentagon discussing a new strategy to attack the Islamic State had an obvious effect on the barrel. This “man” is having his strings pulled by the banking cartel, to me that is obvious and if you follow that type of thing you are well aware of this.
So what is the Federal reserve doing right now to compensate?
Go to the link and you can see this truly epic money printing binge in real time!
The numbers can’t even keep up with the nation debt folks! Keep in mind each dollar printed is actually a unit of debt not a unit of wealth.
So the federal Reserve is flooding the world with an enormous amount of debt while it’s not needed.
Why is it not needed?
Look at the money velocity, we are at historic lows as far as the rate of cash that is flowing through the economy. It appears that most American families are getting back on their feet and the housing market has leveled off as far as owners starting to see some value in their homes once again.
The enforcement arm of the federal Reserve is the military and the banks control everything period. I believe what we are about to witness as a country is going to break the backs of the millennials.
Our founding fathers stated that it is the responsibility of each generation to pay off it’s own debts.
Clearly this administration feels otherwise