The country is being dismantled on purpose.
If the Fed raises rates, they have to spend more on the debt so they’ll have to print more money so they have more money to spend on the debt while less money comes in from taxpayers.
My guess is they’ll try another QE if things start falling. What else could they do? Well, there’s negative interest rates. Oh yeah, that will get it going.
I have to close an account, the one for emergency expenses that don't fit in my monthly budget. The local bank where it is, besides having an interest rate of near-zero, now is charging fees to anyone whose total at the bank isn't at least $25,000!! For a majority of the population, that's even worse than negative interest, because the fee stays the same even for small accounts. How will anyone ever start saving if the bank takes a chunk of their money each month? Might be better to have some cash and metals well concealed and nearby.
Last I knew, the head honchos at the bank were still making fortunes and they were still financing unnecessary construction projects for established large-contractor buddies. Given all that, I'm wondering if a part of the economy is going underground.