the current bubbles are so large and fragile that air is already coming out with rates still locked at zero. However, unlike prior bubbles that pricked in response to Fed rate hikes, the current bubble may be the first to burst without a pin. It appears the Fed fears this and will do everything it can to avoid any possible stress. That is why Fed officials will talk about raising rates, but keep coming up with excuses why they can’t.
Lindsey will be right that the markets will eventually force the Fed to raise rates even more abruptly if it waits too long to raise them on its own. But he grossly underestimates the magnitude of the rise and the severity of the crisis when that happens. It won’t just be the end of a raging party, but the beginning of the worst economic hangover this nation has yet experienced.
Full article HERE
This is what happens when greedy banksters on Wall Street and the Federal Reserve – in bed with corrupt politicians – abuse the system for so many years. They destroy it.
Since massive debt accumulation makes financial collapse VERY likely (and many economic pundits and Bible prophecy authors point to a time around September 2015) maybe we should expect chaos, hyperinflation, martial law, dictatorship, and the fulfillment of end times prophecy… read: Antichrist 2016-2019: Mystery Babylon, Barack Obama & the Islamic Caliphate