- World Alternative Media Published on Aug 1, 2019
Josh Sigurdson talks with author and economic analyst John Sneisen about the decision by the Federal Reserve yesterday to drop interest rates by a quarter point after desperately attempting to prop up interest rates in the past year. The Fed cited “muted inflation” but the real problem is that they’ve been papering over debt and recession for decades, especially since the 2008 recession which never truly ended. Banks are bankrupted according to their own balance sheets when you look at the cash to deposit ratios. The global everything bubble has come to its inevitable end and so has the fiat empire world wide. Australia is lowering rates dramatically. Britain wants to lower rates. Now after the Fed attempted to raise interest rates enough to drop them out and save them from total destruction, they’ve failed and the failure will be felt throughout the world as interest rates will inevitably go negative.
It’s one thing to see something like this happen when the economy is doing well. It’s an entirely different situation when the economy is already in terrible shape with fake job numbers hidden in the labor force participation rate and the true extent of inflation rising closer to 11% on average. People are impoverished and now the US dollar will take a massive hit as interest rates fall. This system can hardly be propped up any longer and everything we’ve warned about almost in perfect sequence over the past 4 years has come true. Perhaps it’s time to start listening? However, it should be noted that this is relatively good for all of us. The sooner the system falls the better. And if people prepare themselves they will be fine. You are the change you wish to see in your life. Be responsible, financially educated and sustainable. There are more solutions than problems and this will also likely lead to a great rise in the value of Bitcoin as well as gold and silver. It should also be noted that gold and silver are separating on the gold/silver ratio which is a massive indicator.