This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: After all the discussion – for years now – about what this will mean for the economy, one just hopes they know what they’re doing. The mainstream economy has been seriously drained and deprive of life blood for many years now; the jobs of middle class and working class Americans have been threatened or destroyed. 8 long years of zero interest rates and quantitative easing has distorted the entire landscape, and impacted business, while the banks at the top of the pyramid have swelling assets, easy cash – and now a supercycle of debt that may come due on entities of all kinds that are unable to repay.
This is dangerous business, attempting to apply monetary policy from the top down, and it could be something like the throes of a junkie coming to terms with the end of his supply. It has enlarged the state, and deprived the small business and independent economy; let’s just hope things turn around for the better. But it is shaky medicine, and it appears to be an issue of damned if you do, damned if you don’t.
After Raising Rates Once During The Obama Years, The Fed Promises Constant Rate Hikes During The Trump Era
by Michael Snyder
Now that Donald Trump has won the election, the Federal Reserve has decided now would be a great time to start raising interest rates and slowing down the economy. Over the past several decades, the U.S. economy has always slowed down whenever interest rates have been raised significantly, and on Wednesday the Federal Open Market Committee unanimously voted to raise rates by a quarter point. Stocks immediately started falling, and by the end of the session it was their worst day since October 11th.
The funny thing is that the Federal Reserve could have been raising rates all throughout 2016, but they held off because they didn’t want to hurt Hillary Clinton’s chances of winning the election.
And during Barack Obama’s eight years, there has only been one rate increase the entire time up until this point.
But now that Donald Trump is headed for the White House, the Federal Reserve has decided that now would be a wonderful time to raise interest rates. In addition to the rate hike on Wednesday, the Fed also announced that it is anticipating that rates will be raised three more times each year through the end of 2019…
Fed policymakers are also forecasting three rate increases in 2017, up from two in September, and maintained their projection of three hikes each in 2018 and 2019, according to median estimates. They predict the fed funds rate will be 1.4% at the end of 2017, 2.1% at the end of 2018 and 2.9% at the end of 2019, up from forecasts of 1.1%, 1.9% and 2.6%, respectively, in September. Its long-run rate is expected to be 3%, up slightly from 2.9% previously. The Fed reiterated rate increases will be “gradual.”
So Barack Obama got to enjoy the benefit of having interest rates slammed to the floor throughout his presidency, and now Donald Trump is going to have to fight against the economic drag that constant interest rate hikes will cause.
How is that fair?
As rates rise, ordinary Americans are going to find that mortgage payments are going to go up, car payments are going to go up and credit card bills are going to become much more painful. The following comes from CNN…
Higher interest rates affect millions of Americans, especially if you have a credit card or savings account, or want to buy a home or a car. American savers have earned next to nothing at the bank for years. Now they could be a step closer to earning a little more interest on savings account deposits, even though one rate hike won’t change things overnight.
Rates on car loans and mortgages are also likely to be affected. Those are much more closely tied to the interest on a 10-year U.S. Treasury bond, which has risen rapidly since the election. With a Fed hike coming at a time when interest on the 10-year note is also rising, that won’t help borrowers.
The higher interest rates go, the more painful it will be for the economy.
If you recall, rising rates helped precipitate the financial crisis of 2008. When interest rates rose it slammed people with adjustable rate mortgages, and suddenly Americans could not afford to buy homes at the same pace they were before. We have already been watching the early stages of another housing crash start to erupt all over the nation, and rising rates will certainly not help matters.
But why does the Federal Reserve set our interest rates anyway?
We are supposed to be a free market capitalist economy. So why not let the free market set interest rates?
Many Americans are expecting an economic miracle out of Trump, but the truth is that the Federal Reserve has far more power over the economy than anyone else does. Trump can try to reduce taxes and tinker with regulations, but the Fed could end up destroying his entire economic program by constantly raising interest rates.
Of course we don’t actually need economic central planners. The greatest era for economic growth in all of U.S. history came when there was no central bank, and in my article entitled “Why Donald Trump Must Shut Down The Federal Reserve And Start Issuing Debt-Free Money” I explained that Donald Trump must completely overhaul how our system works if he wants any chance of making the U.S. economy great again.
One way that Trump can start exerting influence over the Fed is by nominating the right people to the Federal Open Market Committee. According to CNN, it looks like Trump will have the opportunity to appoint four people to that committee within his first 18 months…
Two spots on the Fed’s committee are currently open for Trump to nominate. Looking ahead, Fed Chair Janet Yellen’s term ends in January 2018, while Vice Chair Stanley Fischer is up for re-nomination in June 2018.
Within the first 18 months of his presidency, Trump could reappoint four of the 12 people on the Fed’s powerful committee — an unusual amount of influence for any president.
By endlessly manipulating the economy, the Fed has played a major role in creating economic booms and busts. Since the Fed was created in 1913, there have been 18 distinct recessions or depressions, and now the Fed is setting the stage for another one.
And anyone that tries to claim that the Fed is not political is only fooling themselves. Everyone knew that they were not going to raise rates during the months leading up to the election, and it was quite clear that this was going to benefit Hillary Clinton.
But now that Donald Trump has won the election, the Fed all of a sudden has decided that the time is perfect to begin a program of consistently raising rates.
If I was Donald Trump, I would be looking to shut down the Federal Reserve as quickly as I could. The essential functions that the Fed performs could be performed by the Treasury Department, and we would be much better off if the free market determined interest rates instead of some bureaucrats.
Unfortunately, most Americans have come to accept that it is “normal” to have a bunch of unelected, unaccountable central planners running our economic system, and so it is unlikely that we will see any major changes before our economy plunges into yet another Fed-created crisis.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
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END THE FED!
What Baffles me is, when the Fed raised Interest rates by .25, and already said or signaled they are raising the rates again 3 more times in 2017, that the US Dollar gains strength? Quite contrarian.
Seems like it would do the opposite. This is all part of their Fed Game of Illusion. It is a Trap? So people dump metals to flock back to the paper IOU Fiat Currency? Then declare currency Null and Void, or going digital, bankrupting all of America? It makes NO sense at all. So the games of manipulation continue.
Yes DJ Trump needs to Audit the Fed, declare it Fraud against America, wipe the National Debt and all American’s Consumer Debt off the books and jail the bankers, just like Iceland did. And print a New money based on Silver or Gold and backed by the USA not some Foreign Bankster Corporation who has no stake in America other than a healthy debt slave.
Otherwise if nothing changes, America will continue to be a slave to the Tribe Family.
That is pretty insane. The dollar is over 103 basis points and metals crashing? I guess people are just grasping for the highest turd in the toilet. Crazy days ahead, do you think the dow will crash after it hits 20K?
sorry to change the subject, but my wire’s been missing for two days now, and i had to file a missing persons report last night. so the cop called me this morning and told me to prepare for the worst. so i got to get down to the goodwill to see if i can get her clothes back… sho do miss eppe!
wife, i meant wife….BTW, thanks to all of you out there that PROOF-READ before you hit send…
LOL!! Maybe tell her you planned on getting her a new wardrobe from Macy’s.
this will be a tough CHRISTmas for eppe’s family w/o him.
wishin’ I had an address to send a card to them.
Mac, maybe you could email me eppe’s address or daughter’s email.
I wasn’t thinkin’ when I deleted her email.
thanks if ya can.
i will send an email to eppe’s old addy and a bunch of his friends from here, maybe someone will respond….i will get back to THIS post, and/or post on latest story, when i find out.
here’s the reply i got today from eppe’s wife. i took out her address so i can ask mac how to proceed….do we put her address out here for all to see?….i will get back to y’all…am also posting on latest story, so more will follow.Hi Randy,
This is Anita, Mike’s wife. I want to thank you for the kind thoughts. Our daughters would love to see cards from any who would like to send them. Our address??????????
We are struggling to find our Christmas spirit facing this first one without Mike and I know they would enjoy hearing from their dads friends.
Thanks again and I hope you enjoy a wonderful holiday.
Did I miss something? !?!? Did Eppe pass away?!?!?!
True story I heard today: This guy down the road named Mitch pumps out septic systems for a living. He said and his boss went to a home today to pump and clean out a holding tank. So he begins to suck out the tank with a big hose. The Guy homeowner comes out of the house and looks down into the septic system opening, and says, “Hey what’s all that?” Mitch says, “it looks like a bunch of condoms floating on top of the shit.” He looked closer and sure enough, Yep condoms. The Guy yells to his wife in the house, Hey Wife come out here? So the wife comes out and too looks down in the septic tank.
Then the fighting started. Evidently the wife has been having sex without her husband and flushing the condoms down the toilets, and they have lived together in that house for 5 years. Mitch say’s to his Boss, Uh Oh I think I started a family fight. Mitch said “did you get the check?” His Boss said yes, well lets get the hell out of here. Thought that was pretty funny, kind of. lol
yes, eppe passed away a couple months ago. had a heart attack, and never left the hospital. RIP, eppe. many of us miss him and we are going to send cards to his family, stay tuned.
his daghter posted under the name LilprEppr …i have her email address and sent her an email, also texted eppe’s cel, and called and left message.
BCOD, man so sorry to hear that. Hope she is ok. Hope for the best, prepare for the worst. My thoughts are with you my friend.
it’s a JOKE, man!….the giveaway was when i mentioned eppe…sorry you didn’t get it…..the REASON i think this is sooo damn funny, is that had i to boot my wife a couple years ago, and my fantasy would be that happened for real with HER….spends all her money before she makes it, and her 5th grade daughter was reading first-grade level, and she REFUSED to get her tested to find out what was wrong with her for 3 and a half MORE years….brain-dead….a very nice girl, but i just couldn’t live under the same roof with a parent that just doesn’t CARE to educate her kids…by the time she left, the kid was 6 grades behind…..there’s PROBLY not a WORSE form of child-abuse….i miss her a lot, but it was making me CRA-CRA!
I’m not sure if you’re kidding or not. “get her clothes back”?
“get her clothes back” Worse case scenario: She comes back.
For those of you who don’t get the joke.
that joke is funny as hell, but so was “schindlers list”….now i’m just laffin’ my ass off at those that didn’t “get it”…..
The punch line is, that after a week the Wife who ran off with the Good Will Store owner, called her husband and said thanks for dropping my clothes off at the store for me.
asswipe
per-she-ate it!
ALL investment types are in a BUBBLE….whether they KNOW the FED’s got their back(and will LOWER interest rates, if need be), or they have become “comfortably numb”, not believing the markets can EVER go down again….there’s a LOT of “dissapointment”coming their way, poste haste.
Zeus
Why not audit the gold at Fort Knox that is supposed to be there.
As the price of precious metals drop due to the interest rate increases. The question is how much should one buy at these low prices to make a difference in the future. I do advocate some is better than none and at bargain prices what can it hurt.
So say 50 ounces of silver and 4 half ounce gold pieces.
precaution.
There are plenty of people who would jump at low prices and load up the truck. Silver at any price. As before there have been shortages. Also you have to watch the premiums charged for the metal. One to sell and one to buy. Different in percentage. A business has to make money but not rape you in the process. Still the market does determine the price by supply and demand.
Don’t remember the exact amount, but first time buyers can buy a certain amount for spot at jmbullion.
WIprepped
When you buy bullion. To buy it will be on average the price of an ounce plus 5%. That is the sellers price.
When you sell your bullion is the price of an ounce minus 3%. That is what he will pay you. The spread is 8%
This percentage will vary as to what the market is paying and what price he brought the metal.
I do not know what the average percentage is at this time but it does vary from company to company.
Also if you have done business with the same person for a long time you may can get a better price by buying in quantity. Ask. What do you have to lose.
so very true
“What Baffles me is, when the Fed raised Interest rates by .25, and already said or signaled they are raising the rates again 3 more times in 2017, that the US Dollar gains strength? Quite contrarian.”
Contrarian ??? Not at all.
The dollar always gets stronger as interest rates rise, because the increased return to global investors who park their excess cash in US Treasury securities, increases demand for dollar denominated paper. An increase in demand always signals an increase in price.
That’s BASIC economics.
In fact I noted this anticipated rise in KING dollar here, years ago, as I described the events that would precede the next downturn.
Yes its in the archives. 🙂
DK you kill me. I travel a bit for my company, if I ever get out to your neck of the woods (I mean desert) I’ll let you take me to lunch and I’ll even let you pay.
Its ALL just basic economics and finance and these things should not come as a surprise to anyone who REALLY knows anything about American capitalism.
I’m not a plumber or electrician or mechanic. Can’t help you there.
But after a solid business education and a 40 year career in the financial industry, I have forgotten more than the average American knows about it.
Even the wind catches a little garbage for a time. 🙂
I’m not a plumber either. I work for a very big trucking company as an instructor/ safety officer. I do not have an in depth economic education as you do, but it’s your comments that humor me. If I ever came to your area, it wouldn’t be to fix your sink, it would be to conduct safety evaluations for my company. The only economic interest I had was to get a free lunch.
I think a better attack strategy is fire Yellen and try to get Ron Paul into the Fed.
The squirming done far and wide by the traitors as people start to hear what a dirty money policy has done to them.
Talk about waking up….angry.
i forget exactly WHAT he said, but kennedy said SOMETHING about the fed having too much control over money, and less than a week later, the CIA had killed him….just be damn careful, donald. who could have seen 30 years ago that EVERY CORNER of our gubmint could be SO corrupt….
Look up JFK EO-11110. That is why he was murdered.
President Kennedy, The Fed
And Executive Order 11110
From APFN
By Cedric X
11-20-2003
Executive Order 1110 gave the US the ability to create its own money backed by silver. … ht tp://www.john-f-kennedy.net/executiveorder11110.htm
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything.
Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve’s control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt – war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment.
As America’s debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America’s debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, if so, is he willing to pay the ultimate price for doing so?
How about President Trump? Will he do this? He has the Power.
link: ht tp://rense.com/general44/exec.htm
BCo D. Kennedy actually referred to the fed as “dark forces”. 6 days later he was shot. I think Trump wants to end the fed, I believe he actually stated that he wants a gold backed dollar again.
thank you, jack!
for the creation of money is the ROOT of ALL evil. who was it said that, again? the FED IS the root of most of our problems. these wars we are about to have, because we can’t pay back the MONEY. we are up to our asses in crocodiles, yet we keep digging the swamp DEEPER. silly americans. this whole ponzi scheme never had a chance to work out, long-term…
Buttcrackofdoom, the best thing any of us can do for our family’s is to GET OUT DEBT!!! Pay for things you want with cash, if you don’t have the money, then SAVE for it, then buy it. Last, but not least, PAY OFF YOUR HOUSE, no matter what happens in the coming years, you’ll have a roof over your family’s head!!!
actually, the best thing you can do RIGHT NOW, is to SELL your house, and move into a rental. i was lucky this time, i didn’t have to MOVE when i sold over 2 years ago…i’m renting it from the new owner/friend of mine….i did this back in 06 at the very start of the housing collapse, and 2 and a half years later, i bought my current house for about half price….it dropped in price after i bought it a thousand dollars a month for about 4 years, then turned around and within a year and a half or so, i was able to sell it for a small profit. the one i sold in 06, i had paid 12 years prior ONE THIRD of what i sold it for. all this was EASY to see coming.
one more thing, a 15 year mortgage doesn’t cost much more, and it’s paid off in HALF the time, so by the time i sold in 06, it was pretty much paid for.
Unless Property Taxes aren’t Paid.
nope! you never REALLY own your house in calipornia!
WE did exactly that, took a hit on savings and pd off mortgage.
wife bought a newer car for transportation to work but she said keep the older one in case everything does go to hell soon. We’ll have a car that runs and is pd off, smart lady. that’s why I married her almost 40 yrs ago.
This Statement: “we would be much better off if the free market determined interest rates instead of some bureaucrats.”
Bureaucrats? You mean aka: Blood Sucking Parasites sucking the last life juice out of the dead corpse kind of Bureaucrats? Those people?
From the Bible: For the LOVE of money is the root of all evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs. 1 Timothy 6:10
A very sensible proposal with merit.
Therefore it will never become law.
Too many pigs slopping at the trough.
ISIS has been defeated.
So, of course, raise interest rates. They’ll show us who is the real boss.@usa
__ if you need a car, or a new house, better start looking around now, interest rates are down, but not for long.
__ Merry Christmas__
__
just remember, americans, that the house payments stays the same, for the most part….we only got x amount of money per month to pay for a house. when interest rates are HIGH, the price of the house must be LOW….when interest rates are dropped to abnormally LOW, then we push UP the price of the house….it’s all about MATH….and math, like gravity, can be a real card-carryin’ BITCH when she wants to be. home prices must drop to half of their highs….and it’s coming in the next few years.
BCOD, yep but the taxes on them will remain high. They devalued my place a little last year and raised my taxes (fookers). Anyone with an ARM loan is a fool.
i never seem to hear this anymore, but since the last year of “normal priced” houses in america(2000), we make LESS money.MOST of U.S. have taken a pay cut since then…the only reason home prices are so HIGH, is that interest rates are so LOW. if/WHEN interest rates go back to “normal” homes will be “worth” less than HALF of current valuations. y’all better spend some time thinking ’bout that….your financial LIFE depends on it.
Live well within your means not your limits.
How about this Guy. A Vet Living off the Grid is being charged with Trespassing on his own land.
Video:
Court Officials Who Jailed a Veteran for Living Off-Grid Were “Just Doing Their Jobs”
http://www.freedomsphoenix.com/News/208937-2016-12-15-court-officials-who-jailed-a-veteran-for-living-off-grid.htm?From=News
The Fed is certainly not helping It’s chances of survival. But the hawkish forecast will fade quickly if stock prices drop!
End the FED.
Term Limits for Congress.
Prosecute Hillary.
Cut government employees by 50%
More like 90% lol.
Cut welfare by 95-100%
Eliminate 50% of the gov divisions, IRS, EPA, Bureau of Land management, ETC
Then fire 90% of the people working for taxpayers money
Then anyone making of $60k a year is reduced to $60k a year, if getting paid by tax payer money
Remove all presidents, Senate, and House retirements of $100k per year EACH FOR LIFE. These are meant to be civil *SERVANT* positions, not your pot of ****ing gold.
Eliminate the Departments of Education, Commerce, Energy. Eliminate TSA. Then cut 50% of employees.
A.
I would love to see this done in the first 100 days, but I would settle for the first 6 months.
Sgt.
Here is the tool that will Protect DJ Trump.
FN P90
https://www.youtube.com/watch?v=Sd3-vAAlyko
Time to make Yellen earn a living working as a burrito maker at Taco Bell, where she might actually do some good for once:
Now this: Christmas, Venezuelan socialist style
A few tidbits from Forbes at http://www.forbes.com/sites/timworstall/2016/12/10/congratulations-to-bolivarian-socialism-now-the-venezuelan-government-steals-the-childrens-toys/#7e34b0f53aab for your reading un-pleasure. Gee, how compassionate of the left!
– Venezuela is an oil producer but it now imports crude oil from the US. A great place to grow sugar cane could not have Coca Cola because sugar was not available. And I’ve certainly never heard before of an economy so disastrously run that Big Macs were not available because no one could be found to bake the middle part of the bun.
– Now this, in a Forbes article taken from an article in http://www.whio.com/news/world/venezuela-seizes-nearly-toys-will-give-them-poor-kids/kelW2MZA1A20A3Go8CFx5H/: Venezuela’s socialist government has seized nearly 4 million toys from a private company and says it intends to hand them out as Christmas gifts to poor children this holiday season. (Gee, anyone wonder what will happen NEXT Christmas? As the Poles under Jaruzelski used to say “When socialism comes to the Sahara, there will even be a shortage of SAND!”)
The country’s fair pricing authority seized the toys from three warehouses run by Kreisel, Venezuela’s largest toy distributor, on Friday. Two company executives were detained on suspicion of promoting price speculation. Price speculation here is defined as “this is what we paid for them, we’d like to make a profit, so that’s the price we’re selling at.” They really do believe that prices are just vague digits applied to things, not the vital information that keeps an economy flowing: Last week, the government issued an order to retailers to reduce prices on a range of goods by 30%. Business owners say the order is a populist political move, and pushing them towards bankruptcy. Venezuela’s consumer protection agency, Sundde, said toy distributor Kreisel had stockpiled the goods and was reselling them at a margin of up to 50,000%….Our children are sacred (sorry, but that is just TOO funny, coming from these fraud socialists), we will not let them rob you of Christmas,” it said in a tweet, along with photos and video of thousands of boxes of toys…. A total of 3,821,926 toys were seized from two warehouses and they will be delivered to poor children before Christmas Day, officials say…. They’ve just sent the soldiers in to clear the warehouses of the kiddies’ toys two weeks before Christmas.”
Yellen when she talks reminds be of some old hag Shut-in, who has 50 cats. Creepy and smelly.
For historical accuracy (whether you find it authoritative or not) The Apostle Paul allowed in I Tim 6
“9Those who want to be rich, however, fall into temptation and become ensnared by many foolish and harmful desires that plunge them into ruin and destruction. 10For the LOVE of money is the root of ALL KINDS OF EVIL. By craving it, some have wandered away from the faith and pierced themselves with many sorrows.”
<bb
thanks bb. was waitin’ to see if anyone would put that up for BCOD.
It didn’t take a Rocket Scientist to figure this out!
This would be a good time to just tell them all that they are FIRED!!!!
Maybe if it PISSES the Donald off enough he might move to get rid of the FED? We can only hope and pray that it happens. Stay positive you never know!
Sgt.
Heads up, If you want Fish Antibiotics, the deadline is Dec 31st, after that they are banned without a Vet or Dr’s prescription. CampingSurvival has them and if you enter the code “FISH10” you can get 10% off on your purchase. FYI. Time is running out Preppers. You either have it or you don’t.
I think this statement is false. I don’t think the fish antibiotics will be phased. Only livestock antibiotics. At least for now.
Sgt.,
Saw a report on Fox Business that higher FBI management is freaking out expecting a purge by Donald Trump to clean out the dead wood and those who engaged in Obama politically driven investigations/vendettas.
I’ll bet a lot in law enforcement would love to be a fly on the wall, when the SHTF in the FBI?
that would be a great X-mas present , of course he cannot do much before he is in office and then he will be fighting for everything he does get done!! like i said many times there is a internal war in the government and half are OK, and the other half are EVIL, hope Trump will be able to turn the tides of war and get the evil ones OUT!! or hung!! for a light post on the beltway!!
AUDIT the Fed.
JAIL the “Banksters”
The Fed is a PRIVATE Corporation, End the Fed printing of money and let the US Government print our money!
Jail the politicians that have allowed this to happen.
If we had followed the Constitution we would not be here. We are culpable to a certain extent. Audit not just the FED but central banking in general. Root out the manipulators and free the markets. Gain the truth then comes justice. We can account for our culpability. The Banksters cannot.
“If we had followed the Constitution we would not be here.” Maybe if the constitution had been a more air tight/loop hole free document we would not be having the problems we have. Unfortunately everything is open to interpretation and perversion. The only way to get rid of that is to get rid of all human beings.
The Fed is really the Third National Bank (first two failed). While I was an IT manager in banking I saw how the Fed worked. You started out in banking working in various departments. As you rose in bank management if you had an opportunity to work with Fed personnel you cultivated that relationship. And it was amazing as people retired or left the Fed that these bank people took Fed jobs. Then after your worked at the Fed you rose in their ranks or returned to higher bank management. The Fed was a cozy banking country club…
So…because of what I saw I have been talking of ending the Fed for more than 20 years. If we can’t end it than replace Yellen her with Ron Paul…
If TRUMP even hints at eliminating the fed, he’ll go the way of the last (3) presidents that tried it. Lincoln, Garfield, and JFK. Lincoln and Garfield injected greenbacks, that were issued by the treasury (not a central bank)….JFK injected Kennedy half dollars (silver backed), again issued by the treasury. The Fed now controls everything financial…….for it was said “whoever controls the money, controls the nation”.
TRUMP must find a way to “eliminate” these bankster criminals…without a way for assassination to interrupt the process. Otherwise, the fed will destroy him politically by raising interest rates thruout his term; destroying the economy and inserting the democrats back into power in 4 years. GAME OVER.!!!!!!
I have often wondered if those jailed Icelandic bankers have seen the errors of their ways or have become more radicalized. The result would be instructive. Rothschild’s quote is better “Give me control of a nations money and I care not who makes the laws”. The only solution seems to be a final one for these types.
Excellent idea…May I suggest a very large hanging party.
Actually a rate increase was needed! The stock market has gained over 10,000 points in the last ten years and America has never gone more than 9 years without a recession! Once Trump’s tax plan takes effect you’ll see a run-up of stocks (over 20k) and then you’ll witness a massive “profit taking” about mid-term plunging the nation into a depression! If the fed can slow things down we may experience just a recession!
You got that right. Nailed it. Plus TRUMP’S economic plan could mitigate the effects of the “Great Unraveling” stopping the depression and shortening the recession.
TRUMP is very smart. He understands that the hubris from the past Administrations must be cleared FIRST, if he is to be re-elected in 2020. 🙂
The Center for American Progress.
Hmmmmmmmm.
Now they are saying they are going to hold TRUMP accountable for all his campaign promises.
Where the hell were they when Obama took office. Now they will oppose TRUMP at every crossing to include the FED raising interest rates.
The democrats do not want to heal the nation. Only revenge.
Forget the Fed. Is that a volcano popping out of the ground in Geysers, California? 5.0 earthquakes at ground level everyday now.
Him,
I’ve been following “DutchSinse” on YouTube who does regular global earthquake predictions with probably better accuracy than most weathermen predict storms!
Lots of earthquake swarms happening with the super moon (full moons during the moons closest approaches to the earth).
https://www.youtube.com/watch?v=QkMv2DekYpk
5:36 long–good info
ALSO—4:17 in length. –QuakeWatch.net – 7 Big Quakes Predicted in a Row
https://www.youtube.com/watch?v=-ye1Jz7Giac
Well eventually the economic collapse is going to happen. Who do you want to be in charge Trump or hellery? Let it happen. I prefer Trumps stand on the second admendment.
A new economic order seems inevitable. It is imperative that those responsible for failure not be allowed to engineer its replacement. Any revolution must be from corruption to integrity. Or there is no point.
GPS
That’s the Truth.
Yea, that’s that fat bitch, the one who is always pissing her drawers and chocking on siliva in public. These two old rinkled up lesbians make my stomach sick.. I cant wait to hear that Trump gets inaugurated, and that he sends the military into mexico, crossing the border and attacking that isis camp, and bomb the fuck out of the Mexican army and chi-com military, then nuke the sierra madreas chinese base. Then once this is done, launch a military attack on the occupied islands that are now bases, bomb the fuck of China. This would make our borders a safe zone even without the wall. Then once this is completed, arrest most of the muslims that are starting trouble in the country, and lock them up in consentration camps like what was done to the Japanese. And first and most important, arrest the cabal, kill out the ones that are on the run, wipe out the current administration and its minions. This would make America great again, and then give jail sentences to the BOL, and arrest all democrats, and then this would be followed by the arrest of local democrat state officials in Texas. Followed by the arrest of all soldiers, officials that were involved in the murder of Finicum and arrest all those bad soldiers who broke their oath and broke the law. Until I see all of this commensing, I am calling BB, so I hope that does not disappoint us. I have see all of this to believe it. I can talk, because Russian have been up in my face right here in my state and I don’t like these fuckers coming here trying to kick my ass around on my own turf. The last time I went hunting, I took a piss out in the middle of a field, looks like its my territory..
HCKS…
When your a star, they let you do it.
Donald Trump.
ALERT
http://www.thecommonsenseshow.com/2016/12/15/chinas-moving-to-control-californias-food-supply-famine-coming-to-the-us-part-of-calexit-plot/
Then they cut off the food supply. This is why I know that food will not be coming from California. Everything I get to hear it first, then I see Hodges put it up on his website, so I know that bad things are coming
HCKS
Can someone answer this for me? –
1) Why is inflation regarded as ‘good’
2) Why do banks, Central or otherwise, charge usury on fiat currency?
My poor little Trumpbot toxic dump cowards, interest rates are not going to kill you, but the massive amount of EDC, sugar, HFCS, and other toxic chemical laden GMO garbage food and drink you will be consuming while Orange Satan is getting you all “riched up and great again”, that is what is going to kill you and your children you stopped caring for when you turned your children’s health, future, freedoms, and souls over to Orange Satan and the genocidal Corporatist Fascist controlling America.
I find it absolutely pathetic that the very first half jiggaboo president in the history of the US could go his entire presidency with near zero percent interest rate and STILL NOT record a paltry 3% growth in GDP. Not even once. Absolutely appalling. And to think, there are people out there claiming that he is one of the best presidents ever in the history of this great nation.
I’d like to see Trump audit the FED. I’d also love to see him call out the manipulation in the Ponzi scheme of the paper metals market. ALL paper contracts should be backed by physical metal.
Old Guy, I was told recently that if Trump gets in the collapse will be cancelled, but the same source is telling me now that we might not have that because it wont be allowed to happen, because Putin and China will cut a deal with Trump. But then again, we just have to wait and see. I still think that needs to bomb the military bases, especially china. The collapse will happen because of the reset, Trump is coming up with a new dollar, a US dollar, and if this happens, Texas will not need to succeed. All Texas has do is arrest the liberals that are busy hanging out with Jerry brown in California, and our state will be safer to live in again.
HCKS.
Here is a good one to chew on..
LETS ALL FACE REALITY …ABSOLUTELY NOTHING IS GOING TO HAPPEN .. OTHER THAN WHAT IS A PROVEN FACT =
DEATH AND TAXES.. WHICH ARE CERTAIN TO HAPPEN TO ALL OF US!
I would like to ask Mike a question, with regards to interest rate increases.
For those of us who are on a fixed income, and who are fully savvy to the extreme danger associated with exposing any of our retirement savings to the bottomless pit of blood sucking, thieving, swindling and conniving, almost 100 percent jewish vampires who infest Wall Street and who, like Bernie Madoff and the massive army of thieves and swindlers who preceded him and who belong to the same ethnic tribe as he does – we have very few “safe” opportunities available to us for investing and getting even a modest return on our savings. And, growth is very important for retirees, conservative investors, and for people on fixed incomes.
Oh, for any doubters with regards to the identity and ethnic persuasion of the vast and overwhelming majority of Wall Street swindlers, spend $12 bucks and order this book from Amazon and get yourself up to speed on this question:
https://www.amazon.com/Den-Thieves-James-B-Stewart/dp/067179227X/ref=sr_1_1/151-3266409-8460723?ie=UTF8&qid=1481890354&sr=8-1&keywords=Den+of+Thieves
Hence, when it is almost impossible to find a CD that offers even half of one lousy percent without tying your CD investment dollars up for 5 years or longer – and when the inflation rate is triple or quadruple or even higher than the pitiful return rate that you might get on a CD – is it not financially suicidal to promote the idea that interest rates should not be raised?
Am I wrong in my thinking here? When the interest rates charged for loans rises, is it not also true that the interest rates that banks, credit unions, etc., are able to pay investors who wish to invest in safe and super conservative things like CDs and money market accounts tends to also rise? I mean, from my personal historical recollection – that has always been the case.
I will concede that rising interest rates also have negative consequences for the Federal Government, since they cause a corresponding increase in the debt payments that our politicians have to fork over to the Federal Reserve Vampires. And, what Mike Snyder is apparently insinuating here – is that this places downward pressure on the ability of the US government to spend money on other agendas, which then causes the economy to contract.
But, in the long run – I think that it is worth pointing out that the average American citizen is not responsible for the irresponsibility that lead our corrupt US government to (a) create the usurious Federal Reserve in the first place, and then, (b) Allow this cabal of blood sucking usury vampires to drive this nation into a deficit situation that is literally impossible to ever remove ourselves from. The average American citizen’s #1 goal is (or should be) to save and try to invest their money as wisely and as conservatively as possible so as to ensure that they remain self-sufficient and not become a blood sucking leech who looks for the government to take care of them when they get old.
Expecting to get a decent growth return on one’s retirement savings and conservative investments is a perfectly reasonable expectation. Isn’t that what our government keeps telling us they are worried about? The fragile future of Social Security and the rampant problem of millions of Americans not being financially prepared to handle their retirement needs?
Perhaps Mike can explain how Americans who do have the self discipline to save and invest (and who do not want to get BTFO by the Bernie Madoff’s who infest Wall Street) can have any hope of remaining self sufficient when they can’t even get a CD rate that has digits on the left side of the decimal point?
If the FED or any other entity tries to ruin Trump’s presidency and punish the people who elected him they will be in for a real surprise. Because the next election will really be draining the swamp, and the voters will be the ones doing it. That is if a civil war doesn’t break out before then. TPTB better think twice before they act, and their actions better reflect what’s best for the USA……period.