xsuddensam

Will the Fed Actually Raise Rates Next Week?

You've got to be kidding. The Fed doesn't have the guts to do the right thing. All their cronies on Wall Street would be up in arms. Liquiidity is the Fed's game; uncontrolled printing of currency to prop up their friends in the banking industry is first and foremost on their agenda.

One has to remember that the Fed is in no way a government agency. It is essentially a private bank that supplies money, with no meaningful government oversight, to commercial banks and now, most recently, to investment banks.

We need to get rid of the Fed. We will never get our financial house in order if we let these servants of the banking industry continue to recklessly print money.

I fear it may be too late.