Empire, Power & People with Andrew G. Marshall- When Rates Rise


This week the Federal Reserve is set to decide whether or not to raise interest rates. If it doesn't happen in September, the likelihood remains high that they will rise in December or early 2016. Following the previous week's podcast on the potential effects of an interest rate increase, this episode continues with a discussion of the effects on emerging markets, domestic markets in the U.S. and other advanced economies, and the real reasons why central bankers want to raise rates: to induce 'market discipline' and 'creative destruction'; to take the pressure off central banks to spur growth and put the pressure on governments to implement structural reforms. When rates increase, crisis is likely to result, and then governments will be forced to take actions which advance the evolution of the global market economy.

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Comments

  1. Robert Beal says:

    ‘market discipline’ and ‘creative destruction’

    That’s an example for your headline, lead sentence, lead paragraph, and recurring subheads and the lead sentences and lead paragraphs of those sections of your podcasts. Don’t bury the lead. Be snappy.

  2. steven hobbs says:

    Hi AG,
    Thanks much. So glad to’ve found your voice. Sounds like my own. Yes, even reference links work (that is such a hassle)!. From your blog, “Part 1: Political Language and the ‘Mafia Principles’ of International Relations,” breaks it down, son. This bard’s quote I’m pasting above my head; so much reminds me of Hesse “If the War Goes On”: ““The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.” George Orwell
    Looking forward to more.
    Considering the complications of our international finance furnace, and rapidly deteriorating mechanisms of police state control, tired memes language, and xenophobia, there appears an existential crisis for corp-media. This is not a new challenge, because it’s mostly about keeping the old story when incorporating new circumstances. Lucky to keep lucid vision, and descriptive tellers close. Looks as if things are going south for the economy for a while. Presidential election year is usually up. A shorter window this year, it seems. Other readers I ask you, are we not still downstream?
    Steven

  3. 3 days, to go.
    In Peru..Lima.
    A 2015 Annual Meetings.
    World Bank Group International Monetary Fund.
    ( October 9-11, 2015 ).
    https://www.imf.org/external/am/2015/index.htm
    Please Andrew G. Marshall..I hope you will,
    have one eye on that Meeting.
    Best Regards
    Jens and Bornholm.

  4. Amartya Sen’s speech at the Nobel Banquet, December 10, 1998.
    http://www.nobelprize.org/mediaplayer/index.php?id=1156
    We are stuck in the Sand…
    We move very Slow…!
    Best Regards
    Jens.

  5. Greg Pauletti says:

    Well, as others have said, in a ponzi scheme like ours, you can’t raise rates or you will stem the flow of funds, of which evermore is needed… or else it all crashes…. which isn’t usually done until they get the nod to ‘pull out the rug’.
    Of course, I’m one of those expecting the cosmic crap to come in soon, so the only question is when do they want to pull the plug/rug? Seems they’ve stocked up enough hollow points for anyone that still thinks dissent is possible in the old fashioned manner of street protest, better to exit your support by exiting your funds, same as they have.

  6. 344thBrother says:

    Such a complicated subject. I’ve posted this before, but it bears repeating.

    I was told, as a young boy that “The economy is like a huge blob of jello, you poke it here and it jiggles around and pouches out somewhere over there”.

    When they can manipulate the market by making enormous margin moves to, hold down gold for instance, or they can print a few more Trillion, or just move a couple decimal places around, and they’re never going to be investigated/audited, I see no way we can really predict anything. The control of the money supply is secret and not in our hands.

    p
    d

  7. 344thBrother says:

    @jen.
    I read Orwell’s book on the Spanish war. It was interesting how quickly the people fighting the fascists (Orwell’s side) suddenly became “The real enemy” it’s like the psychology of the war stood on its head overnight. That’s what I took away from that book. It was shocking. It’s one of the books that has left me stumped on how to move forward in any meaningful way if it comes to a conflict.

    How do you stop people from doing a Machiavellin switch at a moments notice and it’s suddenly “Meet the new boss, he’s the same as the old boss” (And, YOU’RE the enemy now!) The Who.

    p
    d

    p
    d

  8. I say Yes Andrew.
    ( These individuals’ main interactions were not with the populations in their home nations – the people who suffer under austerity, who have to “adjust” to the restructuring of their societies into “market economies” – but rather with those from whom they have the most to gain: bankers, billionaires and financiers. And rest assured, when the officials retire from their central bank and finance ministry positions, they will be stepping out of their membership in the G7, G20 and IMFC, and into the boardrooms of JPMorgan Chase, Goldman Sachs, BlackRock, Barclays and Deutsche Bank. They will be well rewarded, with large salaries and bonuses for a job well done while in public office. And the revolving door of global economic governance will keep turning ).

    http://andrewgavinmarshall.com/2015/10/26/when-the-imf-meets-heres-what-happened-at-the-global-plutocracys-pow-wow-in-peru/

    Best Regards
    Jens and Bornholm.

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