In 2018, the Fed raised rates four times, despite signs the economy is not doing well. Here’s how the Fed’s tunnel vision could result in a “lose-lose” situation for all Americans…
In December, the Federal Reserve raised interest rates yet again, with Fed Chair Jerome Powell claiming “the economy is in great shape.” But is it?
After the rate hike was announced, the Dow dropped 350 points, following an overall 3,000 point plunge since October 3. And while the Fed says “both overall inflation and inflation for items other than food and energy remain near 2 percent,” worrying signs abound, such as energy inflation topping 3.1%.
Adding fuel to the fire, the Fed is not only determined to raise rates, but they are continuing to unwind their unprecedented program of Quantitative Easing.
Sadly, it’s this tunnel vision that could result in a “lose-lose” situation for everyone.
The Impossible “Magic Trick” Causing Uncertainty
According to Dave Kranzler, “the system is screwed,” saying it doesn’t matter what the Fed does going forward. He believes the money printing, credit creation and artificially low interest rates over the last 10 years have fueled a “lose-lose” situation.
Peter Schiff points out the disconnect between the Fed’s actions and expectations:
“Just after Powell admitted the Fed was not considering slowing down its balance sheet reduction the stock market tanked. It seems that some investors figured out that the Fed is attempting to pull the table out from under the cloth. The Fed still expects the dishes to levitate!”
Clearly, the Fed’s attempt at an impossible magic trick isn’t working, and it’s causing uncertainty in the markets.
With rates are on their way to a 10-year high, we have a recipe for disaster.
How to Hedge Against the Risk
As the Fed continues to generate uncertainty, the risks surrounding your retirement savings will only continue to grow.
Don’t leave your hard earned savings without protection. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.
While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.
Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.
It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.
But remember, you must act soon. Once this “lose-lose” situation unfolds, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.