Hi NYBob,
Frankly, I don't see how the Fed can raise rates. The debt is so almost unbelievably gigantic that it can't really be serviced now and yet raising rates would make it that much more unmanageable. Raising rates significantly would destroy the economy. Banks with their crazy mega trillion derivative bombs would explode first. They are psychopathic money junkies who care about keeping their private casino going as long as possible. They might talk a good game about raising rates, but they won't do it. They're pushing on a string.
It's ironic that the Fed was created in 1913 with the promise of controlling booms and busts, and yet that's all they did themselves (along with starting wars to benefit the big banks). Wilson promised to keep us out of war, but after the Fed got started, we got WWI (A war we had no business participating in). Then the Fed, with their easy money policies caused the boom of the Roaring 20s. The bust of the Great Depression helped them buy up stuff pennies on the dollar. Then WWII and endless war after that...booms and busts and bubbles--all helped created by the Fed. The internet bubble and bust. The housing bubble and bust. Now the stock market bubble and....
All the while, they rig the price of gold and silver. After all, as long as their debt dollar has value, they can print it up endlessly while printing paper gold and paper silver. They can't have REAL money competing with their private printing press and if they can keep gold and silver low they can say the canaries in the coal mine are healthy and everything's fine and dandy. The stock market also can be touted as a sign of a healthy economy. Never mind that most Americans are living paycheck-to-paycheck and/or on food stamps. Never mind that the rise in the stock market mostly benefits the 1/10th of the 1 percent who control the printing press in the first place.
I don't know when it will all end, but it won't end pretty.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
