Federal Reserve Sets Interest Rate To 0%, Encourages Inflation!!!

In a move to curb deflation and a weakening economy/ strengthening dollar, the fed virtually eliminated the interest rate and set it within the 0-.25% range. After this the Fed will be hard pressed to find other tools to manipulate the economy, as the interest rate tool is now expended. This is similar to Japan in the 1980s, where they also eliminated the interest rates.

The Fed is also printing out money at an alarming rate, and in the future it will be a challenge to get rid of it. So for all of those wanting to hoard their USD, the Fed is basically going to try as hard as it can to devalue the currency. Other countries are also trying to flood their economies with liquidity, and this I predict will cause dramatic inflation soon.

I think it’s amazing how irrational the Federal Reserve can be at times, and this is one of those times. Our country’s leadership is throwing billions of dollars to failed industries who had in essence wrought their own destruction through irresponsible behavior in lending and car-making / business strategies and now all Americans are paying, and our money is being treated like an experiment.

Fact time, money should NOT be treated as an experiment, and in doing so the Fed is effectively transferring wealth from the rich to the poor, the taxpayers to the corporations, the people who responsibly save their money to those that owe money. It is time to put an end to such practices, it is time to write to your representatives telling them how you don’t like you money and future being in the hands of a banking cartel who is outside the scope of government and whose name is the Federal Reserve. I seriously don’t think JP Morgan and sons, Rockefeller and sons, and those that would give them power should be running the economy. The United States does not run a free market economy anymore, it is a “lets decide who needs or gets what” economy.

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