Here’s a prediction, highly educated/paid analysts and “economists” will spend more time debating whether or not the FOMC will remove the word “patient” this week than they spend collectively in an entire year researching and analyzing the actual data and fundamentals underpinning our entire Ponzi system.
Whether or not the FOMC removes one word from its “policy” statement is completely irrelevant to the discussion that should be occurring about whether or not our financial and economic system is collapsing Which it is.
In fact, the issue of whether or not the Fed raises its Fed rate to .25 from zero – and it’s effectively a negative rate after real inflation is accounted for – is complete lunacy. Zero-percent interest rates are not stimulating real economic growth. Raising rates an insignificant amount after 72 months of ZIRP will not have a significant affect on the economy. The Fed could take rates nominally negative and it won’t stimulate growth. It will stimulate a bigger financial bubble, which seems to be all the Fed cares about.
Here’s my prediction: Our system is at the beginning of a massive collapse. The early stages of Mises’ “crack-up boom.” The Fed is entirely irrelevant anymore except to the extent that it enables the big banks and elitists to loot our system. That’s why they put a useless piece flesh like Grandma Yellen at the helm. She knows how to follow orders.