-
If you enjoy the forum please consider supporting it by signing up for a NES Membership The benefits pay for the membership many times over.
Yup! We're Screwed...
- Thread starter OutdoorFanatic
- Start date
Varmint
NES Member
The Fed is only going to raise rates while they think it's safe, as soon as the stock market tanks, they will reverse course and start QE4, lowering rates and/or buying bonds of some sort, Treasuries, muni bonds, student debt. This will probably preserve the stock bubble.
What's the down side? Dollar will crash, but that's good cause it'll make it easier to pay off the national debt.
What's the down side? Dollar will crash, but that's good cause it'll make it easier to pay off the national debt.
We will see what tomorrow or Wednesday brings....I guarantee it wont be a rate increase.
At the end of the day it's not a question of if, it's a question of when the US economy will collapse, followed by the rest of the world. The US Debt was still under a Trillion dollars in 1980 and now we're @ over 20 Trillion with no sign of slowing down, quite the legacy for our children and grandchildren. In the past 4 decades we've seen a shift away from Manufacturing into more of a Service Economy, which can't sustain itself. You can't Tax your way out of debt. My guess is when the day comes they'll either revalue the dollar or replace it with a Euro style of North American Dollar which can be acquired by trading in your Greenbacks for Pennies on the New Currency. U.S. National Debt Clock : Real Time
Tweed
NES Member
We will see what tomorrow or Wednesday brings....I guarantee it wont be a rate increase.
The FOMC meeting was last week and they did not raise rates.
