http://www.zerohedge.com/news/2015-0...ke-it-did-1927
"In 1927, the Fed lowered US rates to try to help Europe which was then in the middle of an economic debt crisis the same as today. It is very curious how history repeats and we have just witnessed the Fed yield to international pressure once again. In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis."
Current FED policy is just to print "free 0 % intrest" FX known as QE. QE is currency wrapped up and sold as bond or investment, gets much deeper then that. do your homework..
With all the economic rebound talks and the joy coming from the USA economic data, fed still failed to raise rates 0.25 bps... That is a measly 1/4 of 1%..
Guess all the faked ecnomic data finally caught up with the fed and somebody called there bluff...to be continued....