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Replies to post #3388 on iHub Mining Sector Entrance Lobby
... Heck, even Donald Trump knows it – opining, with amazing clarity, that “Janet Yellen is highly political, and she’s not raising rates for a very specific reason…because Obama told her not to…as he doesn’t want to see a big bubble burst during his administration.”
It may well do so anyway – as given “Economic Mother Nature’s” increasingly powerful performance in the “war for reality,” the odds of a total loss of manipulative control are increasing exponentially. Moreover, as I espoused two months ago, the “only financial event that could be as cataclysmic as a significant Yuan devaluation” would be a Federal Reserve rate increase – given how, in essence, the entire global fiat Ponzi scheme is dependent on zero interest rates for survival – or, more aptly put, to simply enable it to “kick the can” those last few feet. Well, that and 24/7 manipulation of all financial markets, economic data, and monetary commentary.
In other words, the latest “imminent rate hike” commentary (which may be intensified by today’s speeches from the Fed’s “Big Three” of Yellen, Dudley, and Fischer) is “only making things worse” – particularly as it has not been accompanied by the slightest improvement in global economic activity. Or, for that matter, “hope”; “optimism”; or frankly, anything that would cause expectations for tightened monetary policy – and certainly not yesterday’s ugly factory orders report, or this morning’s similarly weak ADP employment report.
