The Significance of 2007

"Let's just consider the past two decades. In 1994, there was the Tequila Crisis in Mexico that spread through Latin America. The US government and the New York FEd stepped in and bailed out the banks.  In 1997-98, there was the Asian crisis followed quickly by the Russian default.  The FEd orchestrated a bailout. In 2000-02 we had the tech bubble. In its aftermath, the Federal Reserve lowered interest rates to 1% which ultimately inflated the housing bubble and financial crisis of 2008-09. Here we are seven years later and interest rates are still 0%.* The federal debt has more than doubled since 2007....On September 30, 2007, the US federal debt was $9 trillion. It is now $18.8 trillion."

~Troy Ferguson
THE QUESTION AND ANSWER GUIDE TO GOLD AND SILVER, 2015

*Note, The Federal Reserve raised interest rates on short term loans on December 16, 2015, exactly seven years after dropping the rate to 0%.

http://www.nytimes.com/interactive/2015/09/12/business/economy/fed-rates-explainer.html