By Greg Hunter’s USAWatchdog.com (WNW 208 9.18.15)
The Federal Reserve is not raising interest rates, but now there are hints by Fed Head Janet Yellen that it might consider negative interest rates if the economy gets bad enough. The economy is already bad, and the Fed decision to keep a key rate near 0% says it all. I have been telling you for a couple of years that there is no real recovery on Main Street. The only real recovery is on Wall Street. Data point after data point shows the economy is not good. This is why the Fed is not raising interest rates. I wonder if the stories out this week in the mainstream media were nothing more than a huge psychological operation, or PSYOP. There were stories all over the place saying that a rate hike would “Not Likely Spook the Economy,” or an interest rate hike would be a “good thing.” Obviously, no rate hike is a much better thing, and now the Fed is hinting at negative interest rates if the economy gets bad enough. By the way, Gregory Mannarino of TradersChoice.net brought up the possibility of the Fed going to negative interest rates months ago. Mannarino also says the Fed decision NOT to raise rates shows that all is not well in the economy, and if the economy would be getting better, the Fed “would not need to continue emergency monetary policy of 0% rates.” He also says, “At some point, the dose becomes toxic and turns to poison and kills the patient.” He’s talking about the 80 months and counting of 0% interest rates, and remember, rates could be forced to go negative in the future.
On top of that bad news, people like Nobel Prize winning economist Professor Robert Shiller continue to warn that the stock market looks like it is in a bubble. There are also reports of the biggest double top in stock market history that was recently made, and when that happens, it is downhill for the markets. This includes the global debt market that dwarfs the stock market by orders of magnitude. I just interviewed former Reagan White House Budget Director David Stockman, and he says the “financial system is booby trapped with debt bombs.” This is no