Fed says uncertainty calls for gradual U.S. rate hikes - "Because it is unclear how long the U.S. economy can sustain its current strength, the Fed should continue with its gradual interest rate hikes until it becomes undeniable that a change of course is necessary"

submitted by magnora7 from reuters.com

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[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Read that quote in the title carefully.

This means they're going to continue to raise rates until there is an economic crisis, if you read between the lines.

They're deliberately tanking the economy to blame it on Trump, because he's a convenient scapegoat and everyone will blame it on him. Meanwhile during Obama's term the rates were at zero percent for 8 entire years. Now they're just raising it and raising it. Supposedly "pulling up the slack" from the economy doing well, but the inability to do this slowly and rather doing it quickly and continuing to ratchet it up, looks more like pulling the rug out from under the economy than picking up the slack, perhaps.

[–]PaulBlartacus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

You know. I had been wondering if Trump was just going to be a huge scapegoat and excuse for all sorts of evil moves that are going on. Unrelated to tax hikes, do you think years from now they'll put any living US military members (non high ranking of course) on trial, similarly to when we find out there is an old german guy who happened to be a soldier (probably conscripted) living among us? I don't have a link, but I do remember seeing that occasionally in the media as a kid.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

living US military members (non high ranking of course) on trial

Really doubtful imo. Even if he is going to drain the swamp, which he probably isn't, the military would be one of the last things touched imo.

[–]PaulBlartacus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Right. I guess, I was just speculating years in the future. My thought train sort of assumes a regime change, and those under Trump painted as terrible people. You can ignore me lol.