Pottstown, PA
Quoted from Chicoman:I read a finance article today that in the past 22 Months the US has printed $11 Trillion Dollars. Interest Rates will stay low because the Feds can't raise interest rates because they will obliterate Wall Street because even a .25% increase in interest rates will devastate Wall Street Earnings and send the market into the dumper. They should raise rates to help the US Consumer but they will take care of their friends on Wall Street before they take care of the US Consumer. Our country is in serious financial trouble because there is really no where for the Fed to go.
Prepare of even crazier inflation....we've only hit the tip of the iceberg. We might experience some Deflation in the next 3-4 Months but after that it will be brutal inflation. Even worse than the 70's and that was really bad for those of us who can remember back then.
The FAR bigger problem is that if the US allows interest rates to rise, they will not be able to service their own debt with other countries. Our debt is so huge, if interest rates went to 7 or 10%, I don't think the gov could pay the interest on their T bills. Unless they KEEP printing money. But if they do, the dollar will be devalued so much, other countries won't buy our debt (finance our drunken spending) and the country will go bankrupt.
