The Briefing Room
General Category => Economy/Business => Topic started by: libertybele on September 15, 2019, 11:41:40 pm
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**nononono*
Ron Paul: US interest rates are going negative, and the Fed can’t stop it
Ron Paul is warning negative interest rates will crush the global economy.
The former Republican congressman from Texas believes the U.S. won’t be the exception.
“We will join the rest of them and go to total negative rates in hopes that that will be the solution,†he told CNBC’s “Futures Now†on Thursday. “We’ve never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. It’s never existed before. And, that’s a bubble. So, we’re in the biggest bond bubble in history, and it’s going to burst.â€
Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserve’s policies are powerless in this environment. He doesn’t believe this week’s Fed meeting will provide any kind of relief and cutting rates will not be the answer.
“You can’t predict exactly where the creation of credit goes,†said Paul. “We have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, that’s a bubble.â€............
https://www.cnbc.com/2019/09/15/ron-paul-us-interest-rates-are-going-negative.html (https://www.cnbc.com/2019/09/15/ron-paul-us-interest-rates-are-going-negative.html)
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And yet both parties are hell bent on continuing down this road until we are in total ruin.
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Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserve’s policies are powerless in this environment. He doesn’t believe this week’s Fed meeting will provide any kind of relief and cutting rates will not be the answer.
Powerless in this environment? The Fed CREATED this environment. If they want to do something to fix it, then they can start by halting their policy of creating new money to finance government spending. Idiots.
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Powerless in this environment? The Fed CREATED this environment. If they want to do something to fix it, then they can start by halting their policy of creating new money to finance government spending. Idiots.
I'm all for going back to the gold standard.