Saturday, January 9, 2016

Hyperinflation and the Destruction of the US Dollar

In short, higher interest rates are the path to hyperinflation and the destruction of the dollar. Fed officials undoubtedly understand this. So do not be surprised if the Fed leaves interest rates unchanged. But if the Fed does hike rates, expect its announcement to be extremely dovish.

The Fed might leave the lower range of the federal funds rate unchanged at 0, increasing only the top range to half a percent. In addition, there will be a lot of post-announcement dovish speak to try to talk the stock market higher.

- Source James Turk via KWN