Comments by "worn down" (@worndown8280) on "“Two Years to Refinance” - Fed FREEZES Rate Cuts While Home Prices Keep Climbing" video.

@zuzanazuscinova5209 New flash, the US dollar is debt. It hasnt been money since 1971.
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The Fed knows they need to raise rates. Everyone thinks they arent because they are worried about the stock market. Thats not really the issue. The issue is the banks. If they continue raising rates every bank will implode. Even if they raise rates another 100 points, you are looking at 50-100 small and medium sized banks failing. Then lending stops and the world economy, because of several other factors like demography and wealth disparities where the majority of consumers live that doesnt allow them to purchase more expensive higher end goods, the world economy seizes. Its the end of the debt based monetary cycle. Its still going to happen, they just want to kick that can down the road as long as they can. And people are worried about housing prices. lol
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