Speak an undeniable truth to power.
- Václav Havel
[HINT: Chris Hedges' "Constructing" is on LINK TV right now. Do yourself a favor and see it in order to learn about some current methods for constructing a new and decent democratic society in the USA! USA! USA!.]
(If you have trouble reading lots of figures, don't despair; just get a tall drink and dive in - it's easier than you think (and way more enlightening).)
Posted on 13th December 2015
Janet Yellen will increase interest rates for the first time in nine years on Wednesday. She isn’t raising them because the economy is strengthening. The economy just happens to be weakening rapidly, as global recession takes hold.
The stock market is 3% lower than it was in December 2014, and has basically done nothing since the end of QE3. Wall Street is throwing a hissy fit to try and stop Janet from boosting rates by an inconsequential .25%. Janet would prefer not to raise rates, but the credibility and reputation of her bubble blowing machine is at stake. The Fed has enriched their Wall Street benefactors over the last six years, while destroying the real economy and the middle class.