If Trump takes over the FED, the US economy will go into an absolute tailspin and depression. The only reason inflation has been sort of brought back under control is the FED. Trump has no fucking clue what he’s doing on a monetary level and neither does any of his ghouls and cronies.
they know what they’re doing. they’re lining all the right pockets. it’s just that they don’t give a fuck about anything else when it comes to ‘money’
They know what they’re doing when it comes to funneling money into their own pockets, I agree here. But they’ll do it in such a hamfisted way, that it will bring down the entire house of cards, because they don’t understand or bother to understand the systems they’re pilfering. Though, this might very well be part of what they want to accomplish anyway.
No they don’t know what they are doing.
There is an economic theory called the J-curve. The idea is that if you cut public spending whilst cutting limits to bank lending, the private sector will make up for the reduction in public spending. J curve theory was popular in the 1970s, that period known for low inflation (/s).
There is a reason that gold is at an all-time high (~$3735). Even adjusting for inflation, it is higher than the 1980 peak following stagflation from the 1970s. Moreover, central bank purchases have been the backbone of the current gold market, with central banks now holding more gold than U.S. treasuries, something that hasn’t been the case since 1996. We’re witnessing the demise of the dollar as the world’s reserve currency in real time.
There is a reason that gold is at an all-time high
Yeah, loose monetary plus goldbug speculation. The spread between gold and silver, for instance, has been widening while gold and platinum contract.
We’re witnessing the demise of the dollar
We’re witnessing the reemergence of a multi-polar world. The dollar will take a hit. It’s not the end of dollarization.
Interest free money for the rich while the supply side of the house is incredibly fucked up, especially in key areas such as fucking food and shelter. What could go wrong?!
I, for one, look forward to the arrested development $15 banana costs after the hyperinflation kicks in!
/s if that ain’t obvious
I think he knows what he’s doing, since all he’s really doing is stuffing his pockets. Doesn’t take a genius to cartoonishly sell out the entire planet’s economy for personal gain. I’m sure if he manages to crash the dollar he’ll be thrilled to roll out Trumpcoin as the alternative and then rugpull the world a second time.
If Trump takes over the FED, the US economy will go into an absolute tailspin and depression
We’re already 900k jobs off the beginning of the year estimate. Add in the tech sector investment in AI failing to pay out 2-3 years later, and Trump’s been kicking the shit out of a wheezing horse since he took office.
Trump has no fucking clue what he’s doing on a monetary level and neither does any of his ghouls and cronies.
Lowing interest rates on the eve of a recession has traditionally been a smart move. Much better than the Bush/Greenspan '06 decision to raise interest rates as the housing crisis began to spiral.
But he’s plowing all this free money into a jobless crypto/tech bubble. Inviting enormous inflation in tech hardware and electricity, while these companies hemorrhage a bunch of jobs they have decided they don’t need anymore.
This isn’t just Trump. It’s an economy wide death spiral that Trump’s being bribed into fueling.
What does FED stand for?
https://en.m.wikipedia.org/wiki/Federal_Reserve
Although an instrument of the U.S. government, the Federal Reserve System considers itself “an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms.”[
That’s the Fed. What about the initialism FED?
Fucking Every Dollar
Misspelled.
Not Federal Ederal Deserve?
Didn’t they already get something like a trillion dollar tax break in the first term? Once again the language used stuck on brinksmanship. The bad things are going to happen but never do. Until they do happen. The language never changes. It’s the goal posts that move. The bad things that happened are memory holed. The next set of bad things are on the brink of happenning.
I’m pretty sure this is the primary mechanism that has enabled the slide into fascism. The population is reactive. Not proactive. If the perception is that something will happen, not has happened then you successfully subdued resistance all together. There’s nothing to resist if perceptually nothing ever happens. We will never actually eat the rich.
If your economy crashes you’re welcome to start using the Canadian dollar #11th Province
I could see it becoming a thing in the Northeast assuming they don’t shut down the border.
assuming they don’t shut down the border.
All that does is drive up the exchange rate.
If he gets his greasy little hands in there I’m done paying taxes
If he does that im moving all my investments ohu of the us and coverting as much cash as i can to euros or rinimbi
How the fuck did we get here so fast…??? This is fucking disgusting.
We are about to the place where the military is going to have to take a long hard look at who’s side their on— the American people or Shitler’s because eventually the orange cancer is going to tell them to either full out bomb our own fucking cities, or our once-allies.
I want to believe the military would side with the people rather than blindly obey orders, but their track record hasn’t been great so far.
Congress could end this now. Call your local republican congressman and hold their feet to the fire.
The one that isn’t running for reelction, is extremely rich, and has never listened to me or even called/emailed me back.
Ted Cruz for me
Looking forward to the (worthless) hundred trillion dollar bill!
Just wait until the American 1 quadrillion dollar bill!
Money, no matter how much of it you have or believe you have is only as valuable as everyone believes it to be.
It’s a modern day religion.
As soon as enough people lose faith in it, money becomes absolutely worthless.
You could get to the point of saying you own all the money … but if no one believes the money had any value any more, all that money no longer matters.
Wealth exists because we all believe in this world wide system of money and finance. If enough people stop believing or investing in it, all that wealth instantly disappears.
Well that’s why the people who have all the “money” stamp their name on all the property instead of holding it as cash.
And any paper money has to have faith, even if its tied to gold you must have faith the government will actually keep their bargain. I personally would find it a blast to use gold and silver coins for everything just for the novelty of it. It wouldn’t be hard to do because very little costs less than a dollar anyway.
Surely this will not have any kinda of repercussions whatsoever…
Besides setting interest rates:
In 1932, Congress gave the Federal Reserve the power to lend money to “any individual, partnership, or corporation” during “unusual or exigent circumstances.” The Fed used the emergency-lending provision to make a few modest loans during the Great Depression. The power then lay dormant until the 2008 financial crisis, when the central bank issued hundreds of billions of dollars in loans in an effort to rescue major financial institutions on the brink of collapse. During the height of the coronavirus pandemic, the Fed went even further, offering trillions of dollars in loans not just to big banks but to corporations, small businesses, nonprofits, and even city governments
And:
Perhaps even more alarming, control of the Fed would give the president a powerful weapon for punishing his enemies. The Fed is the central node of the U.S. financial system. Every major bank in the country holds a master checking account at the Fed, which they depend on to make and receive payments, manage their reserves, and access credit. The central bank, in turn, operates as the country’s main financial regulator: It determines whether banks are in compliance with existing laws on financial risk management and illicit transactions, for example, and has various ways to enforce that compliance, ultimately backed by the threat of cutting off access to the financial system altogether.
The tools Trump has used so far to bend institutions to his will, such as withholding federal funding, are powerful, but they pale in comparison to the power of debanking.
The downsides are basically unlimited. Skew energy markets to kill green energy, make the market look strong while hiding inflation data, scaring the world off the USD as a reserve currency.
The US is increasingly resembling the 1986 comedy The Money Pit starring Tom Hanks and Shelly Long.
Besides this, everyone seems to forget that the plan is to make Trump’s crypto company World Liberty Financial the (only) company to spread the mandated official US stable coin.
Something he will fully have power over as a private citizen because it is arranged to be outside of government control … so every transaction will put money directly in trump’s pockets.
And by controlling the stable coin he can deny his enemies transactions (payouts) at will.And his biggest enemy ar the United States. Because he will absolutely destroy the economy if he gets his hand on the money machine.
It’s not an infinite money pit and everyone in power who thinks thats what they have winds up with them and their country broke
I say let him have it. I wanna watch it all burn to the ground.
I don’t, I fucking live here and I’d like my money to be worth something next week!
I already started moving what assets I could out of the country at the start of the year.
