“It’s likely that Trump would want assurances that his next pick for the Fed would lower interest rates,” Fortune reported Thursday. “The dollar’s decline is therefore a sign that investors are nervous that U.S. monetary policy might end up in the hands of someone who doesn’t understand, or care, how inflation works.”
(emphasis mine…)
Well, yeah… That’s just making it easier to manipulate the markets however you wish at the time.
Watch for the upcoming next season of the Insider Trading Grift Show. 🤷♂️ 🤡 🖕 💩 💩
Oh, so that’s why my portfolio looks so good
Foreign assets measured in USD
he IS fucking stupid, but does he actually believe the president has any authority over the fed? or does he just want everyone else to think that?
because the fed answers to no one. and is arguably orders of magnitude more powerful than the president
I think he assumes that as long as nobody in the police or military stops him, he has the authority to do whatever he wants.
Or he just wants it to make the news so his co-conspirators can buy low after which point he can reverse course in (rolls die) 3 days and they can sell high.
Doge has taken over private businesses and the supreme Court says the president can do anything they want (with some fine print that says as long as they are Republican).
Our laws mean nothing now.
that’s all true, but what’s the foundation of all of that?
money. which the fed controls. not potus, not scotus, not wall street-- the fed. if you look at business news it’s all about “what’s the fed going to do!? what are they going to set the interest rate to?!” etc. it’s never about “the fed did this because so-and-so told them to”
and if you control the money, you control everything. including the people. as in ALL the people. as in the president’s allies, and the president’s enemies. they could contract the money, obliterate the economy and sink said president at will. no matter how godly he thinks he is. trump’s always boasting about how filthy rich he is. who literally printed all of trump’s money?
the “fed chair” is just a flapping facehole whose main job is to make it look like government (or someone) has some kind of involvement in their decisions. they don’t. how many times have you heard trump bitching about the fed? and how many times have they done something because he wanted it?
make no mistake: the fed doesn’t care about you, nor your best interests. but they are an entirely different monster, and if you’re already bummed about everything else, then maybe hold off on going down that rabbit hole until things are less of an absolute fucking shitshow
And yet, if Trump replaces the chair with a yes-man and no one stops him then he does control the fed and therefore the money. And it doesn’t look like anyone is stopping him from doing this kind of shit any time soon.
Fucking hell, it isn’t that complicated.
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Last time, it took weeks of multiple people telling Trump the President doesn’t print money. Weeks…
i was pretty much 90% leaning towards the “he really is just THAT fucking stupid” possibility
So far, exactly two forces have stopped the worst of his actions: federal courts and a “yippy” market. The courts are frail. The USD, equity markets, and Treasuries are only formidable if people have faith in American leadership and the rule of law. Draw your own conclusions. I will buy more precious metals.
I’d think he loses sleep over the idea that someone so powerful doesn’t answer to him, the
Supreme LeaderPresident of the United States. So he wants to correct it.Isn’t that now “PRESIDENT OF THE UNITED STATES”?
Did you fall out of a time warp? I think you’re from 2015, not 2025.
Damn… this is awful. It’s great if you’re visiting from the UK or the EU countries - but with Trump’s Gestapo running crazy and Tom Holman threatening all tourists who would want to visit? Effing horrible
His (or should i say Putin’s plan)
Is not to neuter the US but to Permanently remove it as a world power
im going to buying american property during your recession. UNO REVERSE FROM THE GREAT WHITE NORTH, BABY!
Quick, who’s the best looking fox news finance correspondent?
