"The Fed can't raise rates." Piepenburg reasserts:
They simply can't. Because Volcker was in 1980 looking at 900 billion in national debt. Well, by 2022, we have 30 trillion in national debt. We can't raise rates. The fed will say they will. So they'll have something to cut when the markets crash. The reason the Fed is puffing their chest right now, folks, is because they know the market's going to crash.
They want to raise rates 25 bits here and there. So they have anything, something to cut when there's the next crash. And the crash is coming probably sooner than later. I can't time it. No one can. But you want to be ahead of that curve by not being loaded up in credits and equities that are correlated, they're going to tank together." [emphasis is added]
The Fed, as we'll come to see, has already made a policy choice. It favors inflation over recession. And the immediate response from the spigot-suckers on Wall Street, yesterday, was "yay!"
Today, the trepidation. Too bad, suckers.
We all have to suffer at the hands of bad policy. Still we believe the market will out… buy gold, real estate, commodities… take care of your family.
Addison Wiggin
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