Fed Most Certainly Will Not Raise Interest Rates – Dr. Paul Craig Roberts

TND Videocast Spotlight:  Greg Hunter’s USAWatchdog.com

Former Assistant Treasury Secretary Dr. Paul Craig Roberts contends all talk of the Fed raising interest rates this fall is totally wrong. Roberts explains, “They most certainly are not going to raise them because they’ve spent seven years keeping them at zero. In fact, inflation aside, there are already negative interest rates. . . . So, they are most certainly not going to raise interest rates because if they raise the rates, they will destroy all their efforts to keep the big banks afloat. They also would destroy the stock market. What we have seen all these years is every time the market needs to correct, the Plunge Protection Team steps in and buys the Standard and Poor’s futures and drives the market back up. So, what would cause the Plunge Protection Team and the Federal Reserve to all of a sudden jettison the policies they have been following all these years to save the big banks, to save the stock market and to keep the aura of success alive in America?”

Dr. Roberts says all the market manipulations have another big benefit. Dr. Roberts contends, “This supports the dollar as well. Now, if they were to raise interest rates, then you would see bond prices collapse, stock prices collapse and, most likely, a movement out of the dollar. The dollar is the main source of Washington’s power. So, if the dollar . . . starts going down, this is a disaster for Washington. They may lose the reserve currency status. They would lose the ability to put sanctions on other countries. They would lose the ability to pay their bills by printing dollars. So, the last thing the government wants, and certainly the Fed is part of it, is to see all of this rigged super structure come crashing down because everything would go with it.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview: Dr. Roberts is a prolific writer, and you can find his work and donate to his not-for-profit website atPaulCraigRoberts.org.

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About Greg Hunter:

Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate.  Reprinted with permission.    

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