UPDATE: Well, I was wrong. They did raise rates. And they made sure the stock market got its 'Santa Claus Rally.' G. Edward Griffin recently commented that he's surprised they can keep the con game going so long. I agree.
Let's see how long they can go before they're forced to lower rates again.
Can the Fed raise rates in the face of massive debt? I have long maintained that they can't. In fact, there has now been a bit of talk about negative rates. The Fed desperately needs higher rates right now--so they can lower them. The economic data are looking bad as usual, and spinning of that data to make 'em look better defies reality.
So...the Fed won't be raising rates anytime soon. Not without crashing the system. The can will be kicked down the road indefinitely. The stock market will continue to rise while gold and silver are held down. It's becoming a closed system. Those in charge of a printing press print it up for themselves for their derivative gambling and 'their' stock market. After all, they own almost all of it.
The money creation that benefits the central banker elite and Wall Street won't be going to Main Street or the average Joe. The average Joe will get poorer and angrier as he continues to struggle even harder to make ends meet. There will be more debt and the 'American Dream' will continue to fade into obscurity.
It's time to end the Fed and IRS and have a complete 'reset,' or 'jubilee.' Forgive all debt obligations and start again with sound money--gold and silver. Oh--and put some of the banker criminals in prison. --Ben Garrison