The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label yellen. Show all posts
Showing posts with label yellen. Show all posts

Monday, September 15, 2014

Mises economist shows that the Fed will never be able to raise interest rates

Several months into Fed Chairman Janet Yellen’s term as head of the U.S. central bank, the controlling monetary body has been implementing a slow but steady form of pullbacks to their Quantitative Easing (QE) program.  And despite the Fed attempting not one, not two, not three, but four different forms of dollar monetization since the credit crisis of 2008, the one area they have not touched in the past six years are the near zero interest rates used to control the borrowing and flow of money in the Western banking system.
However, even with growing concerns and scuttlebutt by several Fed Presidents that interest rates need to be raised to shore up the dollar, Mises economist David Howden broke down the consequences of such a course of action and showed that the ramifications for interest on the national debt would become so outrageous, it is now past the point of no return and the Fed cannot afford in the slightest to ever raise interest rates again.
Read more on this article here...