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<p>[QUOTE=&quot;InfleXion, post: 2235035, member: 29012&quot;]If and when the Fed raises interest rates it will make all existing dollar denominated debt more expensive to hold, thus causing even more sell pressure in the UST markets (of which China has already begun their exodus), and making the already untenable national debt even more untenable.</p><p><br /></p><p>I don&#039;t see them raising rates until and unless the powers that be decide that they are ready to reset the global financial system. I don&#039;t know the inside agenda so I have no expectation of when that may occur, but it is telling that the Comex odds makers are now predicting less than a 50% chance that a rate hike will occur in 2015, and even more telling that one of the FOMC members is pushing for <i>negative</i> interest rates.</p><p><br /></p><p>Without ZIRP and now the prospect of NIRP, the risk of another liquidity crunch looms.[/QUOTE]</p><p><br /></p>

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