Reply #61: The pragmatic view... [View All]

.. (to which I sadly prescribe) is that it is already pretty much too late. You are on your own and the best thing you can do is try to prepare for yourself, your family and your friends, because those who now control our country are not going to let go easily, if at all.

The country's debt was already high, and then we added several trillion dollars to bail out the bankster's fraud.

At this point, most of that debt has to be rolled over fairly often. Just a few percent of interest rate rise will put the US in a situation where total income won't even pay the INTEREST on the debt.

The Fed can force rates down with extraordinary measures for a time. But economics is just like physics, only over a longer time frame. The laws of physics are immutable, as are the laws of economics, its just that manipulations can be made in economics to kick the can down the road for a period of time.

That period of time might be months or years but it won't be decades. The people running the show know this and they are trying to soak the system one last time. People who have money in the stock market, for example, are just sheep that are going to get sheared one more time before the whole thing tanks.

Any of you who think we are in a "recovery" or that things are getting "better", answer just this one simple question. Why is the Fed keeping interest rates at ZERO, an unprecedented manipulation that should make alarm bells go off everywhere and in fact should not even be allowed.