Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
By Voice of Reason · Monday,March21st,In the article below by CNN Money, it says that Americans are becoming fearful of a future with a ’Dead-End Economy, Crap Jobs, and Awful Wages, and they have every reason in the world to think that way, because they'll be lucky if it's that good. The economy is a disaster, and what little the Fed could do to prop it up a bit by easing interest rates back to where they were in December, it can’t do because the Fed has become so highly politicized, and dropping rates woud go against the Obama narrative.
Obama has made it clear that anyone who says the economy is not doing well is “peddling fiction,” and Janet Yellen is on the Obama train for better or worse. Unfortunately for Obama, that means anyone who knows anything about the economy knows that the Fed is losing all credibility. First, it’s important to remember what Peter said would happen last year if the Fed raised rates. He said over and over they would NEVER raise rates, because if they did,1) The U.S. stock market would go way down; 2) Gold would go up; and 3) The U.S. Dollar would go down.
In the sense that Peter said the Fed would never raise rates, he was wrong, but only because he was giving Yellen the benefit of the doubt she wouldn’t make such a mistake. Peter was however, correct in everything he said would happen if she did. The price of gold is up, the market has been down all year, and the Dollar dropped below 96, hitting its lowest point of the year.
In the first video, Peter explains the problem Yellen and the Fed face, because the Fed was called out by another economist this week. The question was, if the Fed really is “data dependent” as they claim to be when it comes to determining rate hikes, why no hike?
Inflation is above the 2% target, unemployment is below 5% (HA, but so they say), and 200,000 jobs were created (even though80% were service sector jobs, and tons of young people are barely getting by so bad that many of them still live at home with their parents in their 30’s), so what’s the problem? The numbers support a hike… so why no hike?
Simply put: Another hike would CRUSH the economy right now, and the Obama administration has been telling low information voters the economy is fine to protect Hillary’s candidacy, regardless of what the long term effects may be on them as they proceed with their lives thinking everything is fine. The thing is, everyone besides low information voters knows that if an ounce of what Obama has been saying about the economy was true, the Fed would have raised rates. So,while Obama plays politics, he misleads millions of Americans, and plenty of them will be feeling every ounce of extreme pain that comes with a recession when theGreat, Great, Great, Great Recession Hits!
Obama doesn’t care. He’ll be out of office. In the second video, Peter shares some ideas that people should think about as ways to make money as the Dollar continues to implode, because not everyone is buying the crap Obama is shoveling. While Janet Yellen has been a good team player, and tells the world consumer confidence is high, one of the top things on every voters mind in the exit polls lately has been fear about the economy. People know Obama is lying, but unfortunately most don’t know what to do about it, so in the next video Peter gives some broad ideas. For a better understanding of just how bad the crash is going to be, the links at the bottom provide a ton of information.