Could the Fed Implement a "Carry" Tax on Physical Cash? | WHAT REALLY HAPPENED

Could the Fed Implement a "Carry" Tax on Physical Cash?

The Fed meets this week on Wednesday and Thursday.

Many in the investment world believe the Fed will finally raise interest rates during this meeting.

If it does, this will be the first rate hike since 2006. And it will represent the first time in six years that rates are not effectively at zero.

Will the Fed raise rates or won’t it? Honestly, I don’t know and neither does anyone else.

Back in 2012, the Fed claimed it would start to raise rates when unemployment fell to 6.5%. We hit that target in April 2014.

Here we are a full 17 months later with the unemployment rate at 5.1% and the Fed has yet to raise rates even once.

Webmaster's Commentary: 

Because the FED knows that 5.1% figure is totally bogus.

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