Reggie Middleton: Greece Most Dangerous Threat to the Global Economy!
[youtube=https://www.youtube.com/watch?v=u2xgwFRlB3Y]
- Reggie Middleton – FedRes Will Be Forced Not to Raise Interest Rates!
by Greg Hunter’s USAWatchdog.com
Financial expert and trader Reggie Middleton says the Fed is “going to be forced not to raise interest rates.” Middleton explains, “If they do raise rates, money is going to fly into the dollar. The dollar is going to become even stronger relative the euro and Asian currencies. Then you are also going to have a lot of pressure on U.S. corporates because any international business is going to take a significant hit.” Middleton goes on to say, “If the economy gets better, they can raise rates, but why would the economy get better now when it didn’t get better last year or the year before that? In order for the economy to get better, you need to flush that garbage out of the system. They refuse to do that. Instead, they made a bunch of rules. They papered over it. They still have no mark to market accounting. Nobody knows what’s on the banks’ balance sheets. Nobody knows what it’s worth, and they literally made it legal for the banks to say we won’t tell you what it is worth.”
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On the new Asian Infrastructure Investment Bank (AIIB), Middleton says, “This is competition for the dollar. I wouldn’t call it the death knell. The dollar is deep and wide in terms of liquidity and is backed by the geopolitical, economic and the military might of the U.S. So, it is not the death knell, but competition and healthy competition. Think in terms of a wolf pack. You have an alpha male and that is the dominate wolf, and he runs the pack. Other dominate wolves in the pack challenge that wolf for superiority. The alpha male has to put the wolves down. If he does not, then the alpha is now switched. That is basically the circle of life. Instead of challenging for the alpha male position of the wolf pack, they are challenging for the reserve currency, and China is making that play. I don’t think they will succeed, but it is healthy competition.”
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