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<p>[QUOTE=&quot;doug5353, post: 2173889, member: 73555&quot;]The Fed shamelessly encourages people to go deeper and deeper into debt, and they will do ANYTHING to keep interest rates near zero...</p><p><br /></p><p>Why?&nbsp; Two basic reasons:</p><p>1.&nbsp; Even a tiny bump-up in interest rates costs the U.S. Treasury millions if not billions as they issue new securities;</p><p>2.&nbsp; The quadrillion-dollar derivatives market (global) has less than 15% coverage in hard assets.&nbsp; Interest rates rise, their value as collateral plummets, since they are so highly leveraged, and overnight, panic sets in, and bankruptcies (after mark-to-market) begin.</p><p><br /></p><p>For convenience, TEOTWAWKI.&nbsp; That&#039;s not an Indian chief, it&#039;s &quot;The End of the World as We Know It...&quot;&nbsp; Google it.&nbsp; Pay attention, youngsters.[/QUOTE]</p><p><br /></p>

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