‘Case for Raising Interest Rates Has Grown Stronger, Says Fed Chief’
Janet Yellen, Federal Reserve Chair
The chair of the US Federal Reserve has once again stated that the historically unsustainably low interest rates perhaps should be raised:
Case for Raising Interest Rates Has Grown Stronger, Says Fed Chief
August 26, 2016
Continued and solid job growth in the United States has made it more likely that the Federal Reserve will raise its short-term interest rates in the coming weeks or months. The upbeat assessment of the U.S. economy came Friday during a much anticipated speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming.
“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Yellen said.
Yellen gave no indication of when rates might rise, but her remarks open the possibility that an announcement could come in late September, when central bank officials meet again. Another possibility is after the Fed meeting in December. Most analysts tell VOA a rate hike in November — so close to a U.S. presidential election — is unlikely.
Market reaction has been generally positive. The Federal Fund’s rate, the rate the central bank charges other banks on overnight loans, has remained near record lows since late 2008 to stimulate business and consumer spending. The last time the Fed raised its rates was nine months ago. Since then, slower growth overseas and market shocks caused by the Brexit vote in the United Kingdom has made the Fed extremely cautious. http://www.voanews.com/a/fed-chair-yellen-cites-stronger-case-for-rate-hike/3482077.html
Janet Yellen had hinted about raising interest rates last December, but as of this instant, still has not done so.
December 3, 2015
WASHINGTON — Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence.
Yellen said that even after the first rate hike, the Fed expects future rate increases will be at a gradual pace that will keep borrowing costs low for consumers and businesses.
“Were the FOMC to delay the start … for too long,” she said, referring to the rate-setting Federal Open Market Committee, “we would likely end up having to tighten policy relatively abruptly to keep the economy from overshooting” the Fed’s goals for unemployment and inflation.
“Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into a recession.” http://www.nbcnews.com/business/economy/feds-yellen-testifies-economy-strong-enough-handle-rate-hike-n473756
Janet Yellen’s view last year that increasing rates sooner and gradually is less disruptive to the economy was correct.
But that will not stave off what will ultimately happen.
The USA has been playing financial games that will contribute to its destruction in the long-run. Artificially controlling interest rates (keeping them lower than what a market without government invention of false assets) makes most feel that the USA has its financial condition under control. But that is not the case.
Consider that the total US debt, as of yesterday $19,472,203,761,101.76.
Should interest rates ever rise above 19% or so, then the interest cost on the debt alone will equal the total of ALL expected US federal government spending.
While that may seem far fetched to some, the interest rates at some point in time will rise past that level and the USA dollar will be worth little more than the cotton-paper it is often printed on (much USA money is actually electronic only, and electronic entries at some point in time will have no particular value).
You might think, well, why don’t you use more historically likely rates, say 8%. Well at 8%, assuming a US$20 trillion debt, then just the payment of interest will be nearly one-half of all federal spending. And since it is not likely that the politicians will cut the other spending to compensate, we can properly conclude that the USA would then increase its total debt at an even higher clip.
Some have concerns that the US dollar will collapse or start to collapse this year and some details are in the following relatively short videos:
America’s Day of Reckoning 2017 Dollar Collapse?
Economist James Dale Davidson says that a financial bloodbath will hit the USA and there is nothing that Washington can do to stop it. He claims that at least 57 nations have gotten together to dethrone the US dollar as the world’s reserve currency. He claims this can happen any day or in a few months. He mentions China, Russia, the AIIB, and gold. He claims his track record in predicting massive shifts in the past should assure people that he is right about this. He claims that there will be massive unemployment, near elimination of social security benefits, and more. Is James Dale Davidson possibly right on any of this? Dr. Thiel goes over many of his claims and explains what the Bible shows related to the coming collapse of the US dollar.
USA Ushering in the Collapse of its Currency This Year?
According to financial reporter Porter Stansberry, the USA is ushering in the collapse of the US dollar through its debt, regulations such as FATCA, and other policies. Porter Stansberry proposed that marshal law could be implemented in the USA. Is any of this possible? Will there end up being a collapse of the USA dollar? While parts of FATCA have been delayed, will the USA end up losing its economic dominance? What does Bible prophecy reveal?
While as I have been publicly stating, the USA dollar will not collapse in 2016, the USA has taken steps to encourage others in the world to look for a way to replace the USA dollar as the world’s primary reserve currency. The IMF formally announced a couple of days ago, to include China’s currency in the “basket of currencies” for its SDR (Special Drawing Rights) (see IMF adding China’s currency to its basket).
There will be ‘bumps in the road’ until the Europeans (Daniel 2:41-43) and others are able to replace the USA dollar. There even could be an extended time that the USA dollar will remain on top.
But that will change quickly.
Notice what the Bible prophesies:
3 For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape. 4 But you, brethren, are not in darkness, so that this Day should overtake you as a thief. (1 Thessalonians 5:3-4)
2 And the Lord answered me:
“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,
“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)
The arrogance of political leaders in increasing the debt will not happen forever. The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy.
While Janet Yellen hopes that something like what Habakkuk 2:7-8 will not happen, it will come to pass. Her policies and pronouncements will NOT be able to save the USA financially.
Those who think the current world order with the USA’s dollar on top will last through the end of this century are in error.
Some items of possibly related interest include the following:
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation Start in 2016?
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Just What Do You Mean the Kingdom of God? A booklet that was written by Herbert Armstrong answers questions about the Kingdom.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition. This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Hillary Clinton, Prophecy, and the Destruction of the United States-Amazon Kindle edition.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.
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