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sooner or later they will have to hike rates. Then it will hit

That's the conventional wisdom, but is it wisdom? The only reason the rates are so low is there is no "wisdom" in the money supply. The gov printed money, the feds called it "quantitative easing" and said that it's money owed to them. Meanwhile, interest rates are low because the feds have to be paid back money that wasn't even theirs.

So raise the rates. People who want to sell their houses will take a few thousand dollars less to compensate. Homeowners will get that mortgage deduction every year and the tax refund will pay their property taxes, making it less likely they'll go into foreclosure. And seniors and others who've been getting near-zero percent interest on their savings will put that interest almost totally in local economies.

Assume the stock market goes "poof"? And it will, and those who control when the slide happens will cash out in time, profitting again. Us little folk will be left with the tax bill for money that wasn't real but ended up with the banking and corporate elite.

Why should the Federal Reserve be paid back at all? Wouldn't not doing so take care of a lot of unsustainable debt? Then, abolish a few federal agencies and let what's left of the American innovative spirit figure out the mess the globalists and the bankers have left for us.