By Richard Russell
During recent prayers I’ve asked God for two things, I have asked for peace of mind and the ability to walk without a walker. I know God is all powerful and totally kind and that he can create any miracle that he desires.
On another subject, the world is waiting to see whether Greece leaves the euro and the EU. The world is also waiting to see when the Fed starts to boost interest rates. My sense is that the US is almost in recession and that the Fed knows this, and is living on hopes that the US economy strengthens so that they can start to raise rates.
If it turns out that the US economy is still sluggish and stuttering then I think the Fed will fight the sputtering economy with its favorite weapon - the creation of even more fiat currency. Some observers believe this will lead to hyperinflation. Despite ... Log in or subscribe to continue reading.