Suddenly, one month after new President enters office, the Fed decides it is time for big interest rate hikes ‘Fed to make sequential hikes until ‘something breaks’: Gundlach says.’ This is another big tool used by the elites to control events.
At its November meeting, the U.S. central bank has voted not to raise interest rates, although many believe a hike in December is likely as the Fed holds ‘steady’ before the election. Yes, the Fed manipulates rates for political ends as we see in this graph:
It was kept at zero the entire time Obama was in the White House. Fortune magazine on how Jimmy Carter was destroyed by Volker and the Federal Reserve:
So why do folks praise Volcker and trivialize the man who appointed him? I asked Carter the same question. “It’s for historians to decide who deserves credit and how one will be remembered,” he said. “But it certainly wasn’t an easy choice to appoint Paul,” he explained. “My advisers were not all in favor of selecting him. They knew that if I appointed him, he would institute the tough medicine of tight monetary policy, which would be difficult for the economy in the short run.”
When Carter was mulling who to appoint as head of the Fed, his friend Bert Lance, a Georgia banker who served as onetime budget director, called the White House to offer his two cents: “I don’t know who the president is thinking of for Fed chairman. But I want you to tell him something for me: He should not appoint Paul Volcker. If he appoints Volcker, he will be mortgaging his reelection to the Federal Reserve.”
These election maps are eerily similar, no? Only the ‘black corridor’ which Carter carried easily in the Deep South voted less for Hillary this time around, her bases were California’s illegal aliens/rich and NY ditto. Rising interest rates suddenly kills all Presidents including Bush Jr. who handed his successor an impossible task.
Carter first offered the job to David Rockefeller, Chairman of Chase Bank, but he declined: “As a wealthy Republican with a well-known name, and a banker to boot, it would have been extremely difficult for me to make the case for tight monetary policy and sell it to…an angry public,” he wrote in his autobiography.
In the subsequent days, a consensus formed around selecting Paul Volcker on Capitol Hill and in the markets. Yet key Carter officials still advised the president that Volcker would be too conservative with his policies and he wouldn’t mesh well with the White House. They reasoned that Carter had already tried to tame inflation by appointing “inflation czars,” implementing fiscal austerity, and appealing to citizens to increase their conservation efforts.
So we will have a recession. And the Bilderberg gang will blame Trump because he was President for ONE MONTH before the rates shoot upwards. Sheesh. This is so easy to see.
DEUTSCHE Bank shares have dived by six per cent after it announced a shock share sale aimed at raising €8billion (£6.9bn) of cash in a desperate bid to shore up the German giant as Germany struggles as it collapses.
Now Germany’s largest lender wants to raise the extra capital amid reports of more legal issues, which could lead to more big fines for the troubled firm.
It is the fourth time the bank has had to turn to investors for extra cash since 2010 and suggests Mr Cryan’s previous plans to save the bank have failed.
Since taking the lead at the bank almost two years ago, the boss has tried to slash costs for the bank by cutting thousands of jobs as well as bonuses for its workers, on top of selling off parts of the business.
Germany’s problems are proliferating as fast as illegal aliens are entering and according to EU news from Russia, the number of invaders is rising, not falling.
These invaders are also attacking French zoos!
Speaking about dangerous people doing stupid things:
So, the VP of the DNC’s son was caught violently rioting in the hopes of harming anyone who opposed his family’s politics. Ahem…this is quite evil. I hope a judge throws the book at him, he is setting a very bad example. This is ‘brown shirt’ Nazi territory. Big time. Speaking about open criminals, more spook news:
The attack on Afghanistan’s largest military hospital in Kabul has left more than 30 people dead, the Defense Ministry said. Several gunmen, dressed as doctors, attacked the facility near the US Embassy early on Wednesday, engaging special forces units. Nothing to see, here! I get my real news from evil Russians. Hell, this is so much like the 1960’s, it is hilarious, I am getting flashbacks it is so eerily similar!
They are creepy.