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Fed rate hike to unleash avalanche of home foreclosures and market drops
Mike Adams

Yesterday the Fed hiked the interbank lending rate by 75 basis points, which will lead to retail loan rates rising across the board. But it won't halt inflation. Prices of food, fuel and consumer goods are going to continue to rise dramatically in the months ahead.

The rate raise, however, will cause sharp drops in the housing market, since housing is strongly dependent on mortgage loans which are highly sensitive to interest rates.

The net effect will be falling home sales and decreasing values of real estate, combined with large increases in mortgage defaults.

Ultimately, the Fed will capitulate and abandon any real goal of tackling inflation. They will keep printing money and lowering interest rates while inflation spirals out of control, leading to an end game scenario where food and fuel prices lead to nationwide riots while the dollar collapses in real world value.

It's not hard to see where all this is going now. The end game is near.

Get the full details in today's feature article and podcast here.

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