Will Federal Reserve Raising Interest rates cause Government Shutdown by months end?

Will the Fed Raise Interest Rates, Will there be a Government Shutdown - multi choice

  • US Dollar at 95.0 will drop 5%+ by end of month

    Votes: 0 0.0%

  • Total voters
    3
  • Poll closed .
Correction: I said congress has 10 working days - they just approved making it 12 days. They wasted a day to make the change.

The reason the banking cartel known as the FED is involved in this vote may outweigh anything our erected(sic) representatives have to say.

The FED was given the power to print from the Treasury. During Jimmy Carter, the FED raised interest rates way past 10% because Jimmy tried to diminish the FED's control much like JFK did.

If the FED raised rates just 2.5% with the US Debt at over $8 trillion (plus the $55+ T in unfunded liabilities), most all of the budget would flow into the hands of the FED's banks. All of those social programs might just evaporate.
This happened in a smaller example in Greece and Detroit, MI.

Bush set up the Bail-In of the FED and Obama continuted the same plan.
During the early Obama years, his own party controlled both houses. Yet, they failed to come up with a budget. The blame game is just internal rituals for respective parties.

The point is not about one lousy party whining being worse or better than another lousy party whining.

A budget is serious business that determines power. The power to take money from somone and give it to another. Planned Parenthood is not even 0.0001% of that budget. Is it amazing how there isn't one dollar of waste in any program that could possibly be cut? In fact, all of them have automatic increases.

The FED is in a position to determine the next election.
If the FED wants the existing puppets to stay in power, they might lower rates to negative interest rates. If they want the new puppet, they can raise rates.

The Budget and the ability to collect money to pay the Debt will determine the fate of the USD as the Reserve Currency.
Wall Street has already started on my vote for a 10% reduction.
The USD after jumping higher, quickly fell again to unchanged.

The budget process could have a bigger impact on the future than the actual election. We are broke, we can't repay the debt, and we want to keep spending more.
 
My "finger-of-blame", as you have noticed, is currently pointed towards the Democrats as criticism, today, needs to be pointed towards them.

You keep saying that, but so far your only reasoning for it has been, basically, 'Obama is not sufficiently servile to Republican demands'.

You claim to have no love for the Republicans, but your posts today (and sorry, I don't as a rule investigate 6+ years' worth of posts when replying to what they're saying TODAY) indicate that you've bought into the Fox "News" party line hook, line, and sinker.

***

Rx_, I'm not prepared to accept "The FED are the Illuminait!" without a lot more evidence than "Look at them fiddle with interest rates!".

Edit: And damn you, now it looks like I'm going to have to go buy Secrets of theTemple!

Edit the Second: On second thought, maybe not. From what I'm seeing, your post is pretty much a direct rehash from Infowars, which alone is a good indication that the theory holds no water whatsoever. I'll admit that coming straight from Inforwars doesn't guarantee that something is incorrect, but it certainly indicates much, much higher odds that said something is completely groundless.

During the early Obama years, his own party controlled both houses. Yet, they failed to come up with a budget.

Sure, the Dems controlled both houses. The GOP, during that same period, launched an utterly unprecedented number of filibusters in order to derail everything from tax changes to the ACA to federal nominations. Anything Democrat-backed that they couldn't kill in committee got filibustered to death. So I'd bet dollars to donuts that if we went back and looked at actual news reports from the time of the budget you're referring to, we'll see both filibusters and a GOP refusal to compromise in the slightest on additions they knew for a fact that the Democrats would never accept (it would be like the Dems attaching a provision removing tax-exempt status from all churches - the GOP would straight-up refuse it, and they know it). In fact, at least one of the shutdowns was because the GOP straight-up demanded the elimination of Obamacare and would not budge on that issue, and I fully expect we'll see something similar this time, although with Planned Parenthood included as well.

Seeing how certain prominent Tea Partiers have said repeatedly that the Tea Party will never, ever compromise on anything, this could get ugly.
 
Last edited:
You keep saying that, but so far your only reasoning for it has been, basically, 'Obama is not sufficiently servile to Republican demands'.
An incorrect interpretation of what I have said. What I have indicated is that Obama needs to compromise.

Anyway, we are at the point of repeating each of our talking points. So thank-you for the discussion.
 
Obama doesn't have to do anything.
He's had his two terms as President.
The House and a third of the Senate have to run again in 2016.
All Obama to say is that it doesn't matter if it's a veto or a veto override. I'll spin it so the American people blame YOU.
 

Users who are viewing this thread

Back
Top Bottom