With all the news about the election, the insanity with the Federal Reserve is largely being ignored. Which, of course, is the entire point of the circus that is our current electoral system.
The entire Republican vs. Democrat presidential election is a big shiny object used to distract your attention away from those elites who actually do run the country, the Federal Reserve. The Federal Reserve’s job, among other things, is to convince Americans (and the rest of the world) that the economy is doing great, even when it isn’t. Lately, they’ve been doing this by telling everyone that they might raise interest rates.
The problem is, they can’t raise interest rates, since that would crash our entire economy, which is in such bad shape right now it’s 100% reliant on falsely low (as in near zero) interest rates. The Fed can’t admit this though. They have to pretend everything is fine. It’s their job to continue the establishment and status quo.
In reality, not only is the Fed unlikely to raise interest rates (or if they do, just raise it by a tiny tick like they did last year), they are more likely to do pretty much the opposite, which is to engage in more quantitative easing soon. “Quantitative easing” is a fancy way of saying “print more money and give it to the ultra-rich, making you poorer by reducing your purchasing power and raising inflation.”
But, if they engage in more QE, it will be an admission that the economy is in bad shape (which it is) and they’ll all look like liars (which they are) since this entire time they’ve been saying the economy is great when it clearly has not been.
If they do nothing, because the economy is so precarious right now, we may get a stock market crash before the presidential election. A possible stock market crash before November terrifies the Fed, because it will essentially hand the presidency to Donald Trump. This is why Pussy Barack won the election in 2008. McCain was way ahead in the polls all the way to October when the entire stock market crashed, handing the election to Obama. The incumbent party always gets murdered in election years where there is a stock market crash.
The Federal Reserve does not want Corrupt Trump to be president. The Fed is part of the establishment, which means they’re for Hillary. Fed defenders tell everyone that the Fed is “politically neutral,” but this is hilarious bullshit. Federal Reserve officials donate to The Lizard Queen’s campaign all the time, and the head of the Fed, Janet Yellen, was Bill Clinton’s chief economic adviser.
So the Federal Reserve has painted itself into a corner. Whatever it does, even if it does nothing, will likely bite them in the ass.
My guess, and this is only a guess, is that from now to November the Federal Reserve will do nothing (not raise interest rates, even if they say they will, and not print any more money). Then, after the election, they will print more money (QE) since it will be politically safe to do so. (If the Fed actually has the balls to engage in more QE before November, this will be an indicator that something is very, very wrong with the economy.)
More QE will further devalue the Dollar, but that’s what the Fed wants. Devalued dollars means the Fed’s gravy train of big government will continue. It hurts all of us “little people” in the long run, but the Fed couldn’t care less about that.