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Double Digit Intrest Rates-Coming Soon

...what else can you think with Volcker coming back in the picture?

http://money.cnn.com/2009/02/06/news/economy/fed_board/index...

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SteveMT's picture

When Treasuries lose their luster and they go unsold,...

guess what? Interest rates will go up and up and up to make the T-Bills more attractive to the next sucker walking by. The government will have to raise those interest rates to sell them. When they no longer are sell able, The Fed will resort to the printing press and buy them themselves. However, those interest rates are used to set mortgage rates, thereby pricing everyone out of the housing market. The more money floating around, the higher the rate of inflation will be. Buying wheelbarrow stock is a good investment these days.

Won't happen ...

Volcker will resign.

Rates have been creeping ....

but the fed is going to be the sacrificial lamb ...

the fed will print to buy treasuries ...

Inflation is preferred over high interest rates to them ...

Don't get me wrong ...

If market forces were allowed to work ...

you would be right ....

but it will not happen.

WAHOR!!
http://www.dailypaul.com/node/48994

mr. double digit, resign?

doubtful. the fed is taking over the whitehouse.

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Just wait and see ...

it will happen within a year.

WAHOR!!
http://www.dailypaul.com/node/48994