Johny, you are good fun, but you lose on the GFC being over. You do know, as a poster said, interest rates have been ZERO for about 7 or 8 years now. No one with any intelligence (you do have intelligence) can state that ZERO interest rates can exist in a nonGFC economy.
What is amusing re this GFC that is over, you say, is that all government are going MORE into debt. And the average worker is becoming poorer. So just think for a moment. ZERO interest rates. Govts and international banks pumping out money as fast as their bankster mates can put it into the markets and real estate. And yet the average joe is much worse off over the last decade or two.
There is absolutely nothing finished about the GFC. The three points I show prove that. The GFC is like the poor soul that is on life support, with no brain function, in the hospital. The family must decide to remove the artificial heart pump and oxygen pump. But, the family cannot remove the life support. Because the poor soul happens to be the ONLY soul they have.
Just like the FED cannot stop zero interest rates. And it cannot stop helping govts run debt. And it cannot help making the banksters richer and the real men and women poorer. And it cannot help piling the debt from giving money to banksters on the worlds babies.
The FED and Govts cannot stop, because the world economy is all they have. They have no alternative. They cannot pull the plug.
So, for years we will have the same artificial pumps and smokes and mirrors. And the FED will say from time to time 'look here, its alive, its alive'. The FED will even talk about removing the pumps. And they may even remove a pump for a short while, but upon decomposing starting, the pump will go back on.
It is no different to the family keeping alive their beloved for years into decades. They can actually keep the pumps going.
But the moral and humane thing to do, will be to turn off the pumps. Johny, what happens if interest rates are put at a normal, say 4%. Say the FED decides, taking your advise, to declare the GFC over and all is well, and we will completely remove the pumps, and in September we will adjust up by 4000 basis points.
Johny, if you are correct and the GFC is over, and was over 5 years ago, you would have nothing to fear from normal interest rates. Johny, what do you say.... what is your position.... should the FED up interest rates to 4% in September. That is normal. That is the normal rates for a normal, nonGFC world economy.
What do you say Johny.
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