U.S. Economy: We Have To Allow This Economy To Restructure

We need to let interest rates go up, we need to let the chips fall where they may. If we do that now after interest ratings having been so low for so long we are going t have a financial crisis worse than 2008. But at this point we all just have to suck it up and bear it. And if that means a lot of people losing money, banks failing, and a lot of people lose their jobs, that is what is has to happen! 

We have to clean the house. We have to allow this economy to restructure so that we can rebuild it the right way and not rebuild it based on government central planning but let the free markets rebuild it. This was what made America great in the first place.

Inflation Has Already Surpassed Yellen's Target

Year over year CPI (consumer Price Index) is now up 2.50%. That is the official number, obviously prices are going up a lot faster than that. But according to the government they are going up at 2.50%. If you take out food and energy and just look at the core, year over year changes 2.30%. 

Remember the Federal Reserve says their target is 2%. And when Yellen testified this week she said she was confident that we are going to hit it. Well, we are already surpassing it! (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))