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So, once again, the Fed decided not to raise the interest rate.

The dirty little secret of the Federal Reserve is that it is owned and controlled by the big Wall Street banks and closely serves their interests. It is not, as is widely believed, an independent branch of the government or an agency that works to benefit the American people. The Fed’s cowardice on Thursday, its failure to do something to benefit savers and retirees after seven years of helping to making the rich richer, is about as much evidence as anyone needs as to where its loyalties really lie.


Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans | The Nation

YES YES YES. I once told my son this is a conspiracy by the rich, but he told me I'm wrong because it is being done openly, for all to see, with no secrecy involved.

Drat! And just when I had managed to almost make it through a whole day without getting pissed at the fat cats!

Wandrin;1486428 wrote: Drat! And just when I had managed to almost make it through a whole day without getting pissed at the fat cats!


You can't get pissed at the sharks for eating your bait. It's their nature.

AnneBoleyn;1486422 wrote: YES YES YES. I once told my son this is a conspiracy by the rich, but he told me I'm wrong because it is being done openly, for all to see, with no secrecy involved.


Hiding in plain sight....

LarsMac;1486437 wrote: You can't get pissed at the sharks for eating your bait. It's their nature.


Yeah, you've got a point there.

It's funny - for a week or two the "experts" on the stock market have blamed it being down on the fears that the fed might raise the rate. Then when the fed says no, and the market takes a tumble, the same experts blamed it on the feds not raising the rate. So much for "experts".

You know what the say about experts.

Something about a drip under pressure.

AnneBoleyn;1486422 wrote: YES YES YES. I once told my son this is a conspiracy by the rich, but he told me I'm wrong because it is being done openly, for all to see, with no secrecy involved.Your son is correct. It is true that the fed is financed mainly by the banking industry, however, it does act independently.

This is an old fairy tail that continues to be recycled by conspiracy theorists and seems to always gain traction early in election cycles.

Smaug;1486438 wrote: Hiding in plain sight....


The words "Wood" & "Trees" spring to mind.

When I was at school, kids were constantly getting caught smoking in the bike-sheds / toilets etc. Those who would smoke openly in the playground, however, never got caught. Why? Because the teachers were too busy looking in the toilets & the bike sheds.

FourPart;1486467 wrote: The words "Wood" & "Trees" spring to mind.

When I was at school, kids were constantly getting caught smoking in the bike-sheds / toilets etc. Those who would smoke openly in the playground, however, never got caught. Why? Because the teachers were too busy looking in the toilets & the bike sheds.


Indeed! The saying "there are none so blind as those that will not see" also springs to mind....especially amongst the gullible 'sheeple' that many of the public seem to be...

I don't look to The Nation commentaries for finiclal advice.

LarsMac;1486415 wrote: So, once again, the Fed decided not to raise the interest rate.

Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans | The Nation


Reading the commentry, one would thing that magnets of industry would want to keep the ZIRO rates.

Stocks Fall Sharply as Federal Reserve Decision Sparks Growth Concerns

U.S. stocks tumbled Friday to their biggest one-day loss in two weeks, extending a selloff fueled by worries about global growth.

The Federal Reserve’s decision Thursday to keep short-term interest rates steady sparked the latest round of selling. For many investors, the Fed’s reluctance to raise borrowing costs was a stark reminder of the U.S.’s potential vulnerability to slowing growth in China and other emerging markets.

Fund managers and traders piled into bets that reflected the belief that interest rates will continue to remain low for a long time.


Although low interest rates have helped fuel years of rising share prices in the U.S. and around the world, markets drew little comfort from the decision. Many investors felt a rate rise would have signaled the central bank’s optimism about economic growth.

“What struck me was the reference to what is going on globally, said Mr. Lin at QS Investors, adding that it showed awareness that global economies are interconnected and that U.S. monetary policy affects and must take into consideration more than just the U.S. economy.


WSJ