DRAWS NEARER.
William Schmidt, Ph.D. (C) 2016 www.tigersoft.com
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Janet Yellen tells us we must head off inflation by
raising interest rates. What inflation? She is
delusional. So are a majority of those making
monetary policy on the FOMB.
How can she ignore the obvious? Foreign
stock markets are breaking down to new lows.
The Chinese stock market has just been halted.
Commodities have been steadily falling for a year.
Crude Oil is falling at an annualiuzed rate of
40.7%.
Deflation, not inflation, is the danger! No wonder
the American People want outsiders to take over
Washington DC.
With prices falling like this, it pays consumers
and investors to hoard cash. Lay-offs increase.
Wage earners barely survive and owners of
stock panic. This is exactly what Keynes warned
happened between 1929-1933 when the DJI lost 85%.
And this is exactly what happened when the Super
Rich own most everything. The only periods in
American history when the top 1% owned so much
of America was in the Gilded Age before the Crash
of 1907 and right before the Stock Market Crash
of 1929.
