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.
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.
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.