Since I don't have many previous predictions on record, I want to make sure that this one went on record: I believe that the Federal Reserve is going to increase the level of "quantitative easing" (money printing, debt monetization) from $85 billion per month to $125 billion per month, around the middle of next year. I think the announcement might be as late as September, but I think it's more likely to come around May or June. I predicted that the Fed would not taper back in September, as Peter Schiff also predicted in the face of the propagandist media literally laughing at him, as they did back in 2006.
Of course the Fed should NOT increase QE, and should drastically reduce it and actually reverse it. But I do not believe the Fed is going to follow this course because it would mean a very deep depression and it would mean that the banks would lose lots of money in the short term because higher interest rates means the assets the banks were already holding will be worth less (remember, the Federal Reserve System is a system of regional banks that are literally owned by their member banks, so the Fed does what benefits its owners - the banks - it is not doing any of this for the people, and in fact is doing it against the people).
No comments:
Post a Comment