Concerning the Fate of Our Nation by Lawrence Kadish
https://www.gatestoneinstitute.org/20002/concerning-the-fate-of-our-nation
It appears the Federal Reserve is playing Russian roulette with our nation’s interest rates.
JPMorgan Chase’s Jamie Dimon has looked at the potential future of Fed actions and is deeply concerned that it could raise rates as high as 7%. A Bloomberg News report observed:
“If the key rate climbed to 7%, it would have serious implications for American businesses and consumers. Already, economists put the probability of a US recession over the next 12 months at 60%.”
Suggested Plan of Action by U.S. Congress:
- A comprehensive “Made in America Policy” to advance and encourage construction projects and job creation, science and medical research; with incentives such as tax credits, bonus depreciation and low-interest mortgages for first-time home buyers and low-cost housing developments.
- Restore energy independence, with America as an energy-exporting nation.
- Eliminate pork-barrel spending to reduce our $33 trillion national debt and related interest expenses.
- Bribery payoffs, dark money and other criminality should be prosecuted.
- Ballot bandits and ballot-harvesting are unlawful enterprises, and offenders should be held accountable.
- Engage the U.S. military to reverse open borders policies. Mexico and drug cartels should be held accountable for fentanyl deaths and the invasion of illegal immigrants.
Lawrence Kadish serves on the Board of Governors of Gatestone Institute.
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