Bill Holter: Our Way of Life is About to Change
Our way of life is about to change FOREVER…
SilverDoctors.com
October 30, 2015
Submitted by Bill Holter, JSMineset:
My original thought for a writing was the hilarious action following yesterday’s Fed meeting and to comment on last night’s debate. Something far more “real” has arisen in the last 24 hours of far more importance, before getting to that, let’s look at the Fed’s “hawkish” statement first.
Janet Yellen and crew would have you believe they “will”… “might” raise interest rates in December. They say this because the Fed (as all central banks have) has lost credibility and are forced to jawbone as this is their only “policy option” left. They absolutely CANNOT raise interest rates as the rest of the world is easing in futile attempts to reflate declining economic activity. The U.S. economy is in reality declining, John Crudele does a great job of picking the latest GDP report apart http://nypost.com/2015/10/29/the-commerce-departments-gdp-numbers-dont-make-any-sense/. I cannot believe the e-mails I’ve recently received on this topic with people petrified the Fed can raise rates …which will supposedly hurt gold?
PEOPLE! If the Fed were to raise rates from here, our already declining economy will be flushed! A strong dollar has already put more than a pinch on our exports …but the real killer will be the financial system itself. Derivatives will blow up all around the world with a dollar rate hike, this will make the real economy a moot point as the banks will close their doors. In case anyone forgot, it was as recent as Monday we were hearing trial balloons from Fed mouthpieces regarding NEGATIVE INTEREST RATES!!! How credible is it to go from talking about negative rates to raising rates …in the same week? Please understand this, there is now NO POLICY option that can fix the position we are in. The only thing that remains is how a re set is accomplished and how severe it is. Fed “policy” is a mirage at this point, their only goal now is to prolong the use dollars. Their policy is just as fake as the product they aim to protect.
Another topic illustrating just how fake our lives are, were the debates last night. Fed cheerleaders from CNBC absolutely disgraced themselves with the questions they asked and how they conducted themselves. The questioning was asinine only to be followed by disrespectfully interrupting answers and talking over responses. CNBC “journalists” pulled their pants down and showed they do have an agenda and are not “above” anything …including reporting impossible economic numbers with a straight face. Surprisingly (to the idiots at CNBC), none of the candidates took the bait to attack each other, instead they turned on the moderators. Can you imagine ANY of these questions being asked at a Democratic “love fest” debate?
The Rest…HERE
