Yellen About Interest Rates

Markets shudder every time U.S. Federal Reserve Chairman Janet Yellen hints at an interest rate hike.  Money has been almost free in the U.S. for years and her favorite bankers have levered themselves up to the tune of  hundreds of trillions of dollars as a result.  They are way past the ability to unwind their gluttonous positions, so any meaningful interest rate hike would bring their whole house of cards tumbling down.

And no, your banker will not give you a loan at zero interest.  Only Jamie and Lloyd and friends get to go to the bank, so the U.S. economy is heading for the dumpster while they buy up the entire planet.

When will it end?  They don’t own everything yet.  They’ve pretty well picked the pockets of the pensioners and crushed the residential mortgage market.  They have robbed foreign governments blind and taken over the U.S. Treasury, but there are still a few smaller Wall Street players left to swallow.  Greed devouring greed.  No end in sight for the moment.