Call Me Stormy

Finding righteous currents in turbulent times

Rate Hike Will Destroy Economy

Prospect Ridge Resources President Nick Luksha says an interest rate hike by the Federal Reserve would bring massive instability and crisis to the world economy. Appearing on World Alternative Media, with host Josh Sigurdson, Luksha says the hike would be so devastating, the price of gold could skyrocket by as much as 30 percent.

Though it’s unlikely the Fed will raise interest rates any time soon, Luksha and Sigurdson peer into the future and discuss the effects of such a move on the economy and precious metals.

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