Craig Hemke says the Fed works for the banks, not for the people. Therefore, if they determine that it’s in the banks’ best interest to raise rates they will do it. Forget the burgeoning national debt and the fragile world economy, the only thing that matters to the Fed is the well being of their masters, the Banks, especially the Too Big To Fails. If that seems irrational, it shouldn’t. The Fed’s real purpose is to protect and to help the Banks flourish. And that’s exactly what it’s done throughout it’s history.
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