Well the Government will not stop spending so Hyper-inflation here we come and so better shine up that wheelbarrow for the Grocery Store cause soon it is coming.
Do the right thing, or do the political thing.
That’s the Dem deal with the Fed: crank up the rates to slow the economy when a Pubbie is prez and drop them, especially before an election, for the Dems.
If you follow the link to its end, it reads like a stealth goldbug advertisement.
They don’t need higher interest rates, they need to quit printing money and lower taxes. Rising interest rates are punishment on the American people for the idiocy and greed of the ruling class.
The “target” should be zer0 %.
Well, except for some special arrangements to preferred borrowers. They will trumpet those as "rate cuts". But nobody that you know will be eligible for the program.
The basic requirement for low interest, non-recourse loans will be "a seven-figure donation to one of the Democrat candidates preferred by the cabal".
Everybody else gets credit at the 22% "prime rate" plus a markup. That sort of thing will bring the economy to a screeching halt. But it still will not stop inflation. Only drastic cuts in government spending can do that now. That has not happened yet.
For the past year we have heard the same mantra:
—Michelle Obama running
—Fed Rate cuts
any day now.....
over and over and over and over again.....
Yawn.