Fed rate hike 'makes sense', says U.S. central banker(LINK) Read the article and ask yourself; how in the world does that make sense? Nothing but bullshit in that article and the journalist is doing this on purpose, he's exposing what these guys are saying. First off, the rate hike makes absolutely no sense. The target for national economic growth is 3%, when growth is higher, they raise rates, when growth is lower they lower rates; NOTICE: that's not even mentioned in the article. The scary part is the nature of our 1-2% "growth" that has been a hallmark of this "recovery"... it is smoke and mirrors, purely the result of printing money, it is a synthetic growth, and the baseline is post collapse! So what is really going on in this nation? About a third of the nation is on food stamps. We are in a Depression, people. And the FED says it makes sense to raise rates. So why are they raising rates? C'mon, this is terribly obvious. When the only way out of the horrific collapse of 2008 was to set target rates at zero and the only avenue left to the banks for doing something with that free money was the stock exchanges... yep, they repeated the stock bubble. Immediately we all said it would just collapse again, because it is a house of cards, it is printed money, there was no uptick in business, the banks just bid more for the existing stocks. They coined the phrase "double dip" ... and we waited. What were we waiting for? We waited for what the FED always does to bubbles it creates, they raise rates - aka - they pop their bubbles. This isn't rocket science. Thomas Jefferson pointed it out 200 years ago, what do you think he meant by "expansion and contraction of credit"? That's exactly what is going on. So the FED is about to raise rates in the middle of a Depression... and that makes sense, y'know, after all, look at all those jobs they added from the free money. But then, what do you think will happen to those jobs when the free money disappears?