Negative Interest Rates Explained
In September of 2016, three years ago, Barack Obama was still America’s President. The 2016 election would not happen for another month and a half. At that time the Fed had just, once again, failed to raise interest rates, as I had publicly predicted. So I made a video , posting it online, to explain what was happening. In the video I speculated that unless the banks that control Fed policy simply decided to shuck it all, in other words, decided to knowingly allow the mother of all recessions by returning to normal interest rates, incidentally producing the largest wealth transfer in American history, rates would never raise again...ever. As it turns out, I was right. Although the Fed tried, it must now reverse itself. At that time the world was anticipating Hillary Clinton to win, in which case any economic reset could count on cover from Hillary, perhaps in the form of a major conflict in the Middle East, or another geopolitical event, to blame a stock ...