Friday, 24 August 2012

A crisis is coming..............from Rico

It's not here just yet...but a crisis is coming.

One 'sign' is the slow shift from ZIRP (zero interest rate policy) to NIRP (negative interest rate policy).
- Buying more time from the loan shark (the Fed).

Look at the charts presented.
- ANY upward movement in interest rates on US national debt would be a national disaster.

Since the US is in debt to the FED (a privately owned, for-profit bank), why do the Republicans 'toy' with returning to a 'gold standard' as an idea instead of 'end the Fed' and returning to the US Treasury to issue currency?
- The politicians and the Fed contrived to create this financial situation, a default on the Fed debt and a return to a true sovereign currency controlled by the US would save a lot of future pain.

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