The Deep State still controls the money.

The FED’s Interest Rate Hikes and Threats Killed the Record Stock Rallies – Cost US Trillions

The Fed’s actions to increase interest rates have stalled the stock market  and are costing US tax payers trillions in current and future debt payments.  The Fed provided former President Obama the most generous interest rate package ever.  Rates under Obama remained at 0% most of his seven years in office.  In late 2015, the Fed raised rates 0.25% but this was for only one year and the only time the rates were raised up to the 2016 election.

After President Trump won the election in 2016, the Fed started a steady program of raising interest rates.  Rates were increased seven times by the Fed since the 2016 election to their current 2%.

It’s cost me in my retirement accounts about 8K so far.  Got back about $20.00 in cash holding.  Remember the Democrats deliberately crashed the US economy in 2008 to elect Obama.   Now they are trying to sabotage the strong Trump economy for political points.

About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Was a Tea Party supporter. Today a follower of the Last American President to be honestly elected, Donald J. Trump.
This entry was posted in 2018, All the News not fit to print., Blogbits. Bookmark the permalink.

Leave a Reply but please keep it Legal.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s