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  1. JFI
    6,837 Posts.
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    We have history of the Federal Reserve doing exactly the opposite of what they are doing prior to the 1929 crash and Great Depression.  The following essay explains it all…

    http://www.federalreservehistory.org/Period/Essay/10

    "An example of the former is the Fed’s decision to raise interest rates in 1928 and 1929. The Fed did this in an attempt to limit speculation in securities markets. This action slowed economic activity in the United States. Because the international gold standard linked interest rates and monetary policies among participating nations, the Fed’s actions triggered recessions in nations around the globe. The Fed repeated this mistake when responding to the international financial crisis in the fall of 1931.This website explores these issues in greater depth in our entries on the stock market crash of 1929 and the financial crises of 1931 through 1933."

    So they did 2 in 1928 and 1929…

    And we have 3 (so far) in 2015, 2016 and 2017…  and more to come…

    Looks like it will be much worse to come that post 29'

    So when they announce the next recession (which they will some time) they would have continued to raise this year in to it…  OMG

    JFI
 
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