The Fed Can’t Raise Rates, But Must Pretend It Will…“We can look forward… not precisely to a 1929-type depression, but to an inflationary depression of massive proportions.”

by Thorsten Polleit via The Mises Institute,
ZeroHedge.com
10/26/2015

Waiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and Estragon, keep waiting endlessly and in vain for the coming of someone named Godot. The storyline bears some resemblance to the Federal Reserve’s talk about raising interest rates.

Since spring 2013, the Fed has been playing with the idea of raising rates, which it had suppressed to basically zero percent in December 2008. So far, however, it has not taken any action. Upon closer inspection, the reason is obvious. With its policy of extremely low interest rates, the Fed is fueling an artificial economic expansion and inflating asset prices.

Selected US Interest Rates in Percent

The Rest…HERE

This entry was posted on Monday, October 26th, 2015 at 10:30 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.