Martin Armstrong explains that the situation with USD is almost exactly the same as it was in 1927….He writes
The Fed lowered the rates in 1927. Then as the capital inflow really intensified and began pouring into the USA because of European politics, the Fed nearly doubled the interest rates into 1929 without succeeding in preventing the stock market rally. The Fed will most likely make the same mistake once again following Keynesianism. Expect them to chase the stock market raising rates and ignoring the rest of the world because the Democrats will blame the low rates of the Fed as benefiting the rich.
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