[E. Pluribus Unum]

The Fed CAN'T raise interest rates.

If they raise the rates, they're raising the rates on the 17-trillion the feral government owes.

[rbg81]

The Fed CAN’T raise interest rates.

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Bingo. That is the dirty little secret that almost no one grasps. Either that, or they pretend not to. That is also why I expect interest rates to go negative.

Negative interest rates are a wealth tax without the Government having to bother to pass legislation.