The alarm bells are ringing loudly concerning the out of control debt problem and near zero interest rates. In a recent speech Jerome Powell, Chair of the Federal Reserve said: “The debt is growing faster than the economy. This is not the time to act upon those concerns.”
The debt is out of control and the Fed is painted into a corner on rates and growing their balance sheet that they can’t get out of. Any significant rate hikes will cripple economic growth due to the extreme debt. They can’t lower rates because it would turn them into negative, they won’t go that far. They are left with growing their balance sheet and talking.
The numbskulls in government and the Fed will be reined in. Their actions on debt and interest rates for decades are setting up a new gold standard.
Are you getting gold yet?!
All the best,