As Fed nears rate hikes,

As Fed nears rate hikes,

PostBy: SWPaDon On: Sun Aug 28, 2016 1:38 pm

policymakers plan for 'brave new world'


This just doesn't sound good:

Fed officials at three-day conference that ended Saturday also said they need to consider new policy tools for use down the road, such as raising the inflation target or even Fed purchases of non-government-backed assets like corporate debt.




https://ca.news.yahoo.com/fed-nears-rat ... iness.html
SWPaDon
 
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Re: As Fed nears rate hikes,

PostBy: lsayre On: Sun Aug 28, 2016 3:48 pm

Congress is clueless in that it substituted in the place of honest and Constitutional money a Central Bank monster that was doomed to eventual failure from the onset. The monster is now far more powerful that the government that instituted it.

The central bank monster is so entrenched that it will ultimately do anything to maintain its place of supreme power. That includes applying negative or positive interest rates, robbing pension accounts, creating bank holidays (in which confiscation of savings is the end game, absconding of some to all bank stored wealth (savings) at first at or above the banking systems "guaranteed" savings limit, but later at any limit), manipulating markets, controlling prices, banning and then confiscating assets such as gold and silver, dominating governments, bringing national leaders to their knees, ignoring the mandates/vote of the public, etc...

Greece has experienced pretty much all of this sans (to my knowledge) the banning/confiscation of gold and silver. The rest of the world will also. It's only a matter of time.
Last edited by lsayre on Sun Aug 28, 2016 4:04 pm, edited 1 time in total.
lsayre
 
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Re: As Fed nears rate hikes,

PostBy: lsayre On: Sun Aug 28, 2016 4:03 pm

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."


This quote of unknown origin (which apparently first appeared in print in 1933, at the time when the USA declared gold ownership illegal and began confiscating all privately held gold) seems to speak much truth.
lsayre
 
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Re: As Fed nears rate hikes,

PostBy: tsb On: Mon Aug 29, 2016 7:38 am

Larry,

My guess would be Jackson !
tsb
 
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