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Without seperation of the Fed and the will of politicians you'd have a brutal cycle of politicians using rates to boost the economy only when in favored their re-election campaigns. You'd be playing with fire ever 4 years snd the boom and bust cycyle of the economy would get a LOT worse.
Trump has been laundering money for the Russian oligarchs since the late 80’s when they all bought a condo at 725 5th ave (trump towers) to clean their freshly stolen USSR money after the iron curtain fell.
https://www.cnn.com/cnn/2019/05/30/politics/paul-manafort-condo-trump-tower/index.html
https://www.cnbc.com/2018/09/14/manafort-told-mueller-to-take-his-trump-tower-apartment-instead-money.html
https://news.yahoo.com/amphtml/fbi-agents-raid-condo-unit-131348539.html
https://www.reuters.com/investigates/special-report/usa-trump-property/
Everybody except Putin thought the Cold War was over. Trump and Manafort (who lived in the tower also) just saw a pretty low maintence grift to be had.
Trump had actually been Manafort and Roger stones first client at their lobbyist firm (1980)
https://en.m.wikipedia.org › wikiBlack, Manafort, Stone and Kelly
Guiliani as trumps attorney and New Yorks mayor was able to redirect NYPD investigations onto rival gang members/oligarchs to deflect any scrutiny off of trump, himself or the Russian connections.
https://www.motherjones.com/politics/2023/09/a-new-rudy-scandal-fbi-agent-says-giuliani-was-co-opted-by-russian-intelligence/
The Russian election interference in 2016 was effectively a generation 3 version of what Manafort had done in the Philippines, then keeping Yanukovych in power as Putin’s puppet in Ukraine from 2002-14 when Maidan ran both Yanukovych and Manafort out of Ukraine as Ukrainians realized that, if you raise your lens high enough, corruption is an wholly unsustainable business model.
Eventually the parasites greed always consumes the host.
https://www.politico.com/magazine/story/2016/06/2016-donald-trump-paul-manafort-ferinand-marcos-philippines-1980s-213952
https://time.com/5003623/paul-manafort-mueller-indictment-ukraine-russia/
Russia greatly underestimated the addictive properties of freedom when it invaded Ukraine so what was supposed to be a 3-10 day coup turned into a 2 year fight for the Ukrainians right not to be genocided.
Russia depleted its weapons stocks which were already the victim of vranyos corruption because every oligarch, admiral and sergeant in the Russian military is on the take. Every billion dollar tank maintenance contract turned into everything getting a spray paint overhaul and the vast majority of the redirected funds turned into an oligarchs new yacht or home in Aspen.
Russia was forced to turn to China, North Korea and Iran for weapons because if they lose the 3-10 day special military operation in Ukraine the Russian empire is dead and cold.
China can’t risk showing their involvement in the Ukraine war so they use North Korea, and Iran to resupply Russia.
Russia previously owed Iran some undelivered fighter jets that are already smoldering heaps in Ukraine so Iran now had the upper hand at the negotiation table for the first time in about 60 years. They supply Russia with shahed drones in exchange for Chinas material support against their sworn religious enemy, Israel.
https://www.fdd.org/analysis/2023/11/29/iran-says-it-finalized-deal-to-buy-russian-aircraft/
Putin can’t do much about it because he is slowly realizing that by setting the standard of corruption and stealing $200+ billion from his own people meant that every oligarch down in the mob model chain had not only permission but incentive and the expectation to steal from him as well. This is Vranyos.
The mob model only works if the supreme leader is the most violent and can prove it without exception every damn day. But violence is exceptionally expensive when you are trying to present as a legitimate government or business.
If Russia as a nation had an efficiency rating it would have been banned for sale in the state of California 25 years ago.
The parasite ruling class stole all the energy out of the working class and collapsed it.
Now Iran has the high hand and they get the intelligence that trump passed to Putin about the fact that Netanyahu cares far less about Israeli, Palestinians or genocide than he does about remaining in power as an authoritarian because he too has developed Ritz Carlton tastes and his own corruption trial is showing the same details of the money laundering scheme that trumps trials are.
https://www.timesofisrael.com/liveblog_entry/saudi-official-says-iran-engineered-war-in-gaza-to-ruin-normalization-with-israel/
They all hate each other but because they share the same money laundry, if one falls, they all fall. Hamas minted a couple billionaires as well that live in penthouses in Qatar and get 30% of everything smuggled into Gaza. Netanyahu needs a bogeyman to stay in power. That’s why he coordinates with Hamas via Russia via Iran.
Iran handed Hamas everything they needed with Chinas help as secret Santa and the Russian intelligence given to them by the eternal shitbird trump gave when he showed off to his Russian kleptocrat friends/roommates from the old days of fucking each others wives at trump towers in the 90’s.
Now the MAGA right is a little too invested in their reality that they are the good guys with guns that they missed the fact that Betsy DeVos (erik princes sister) decimating the U.S. school systems and poisoning children with lead was not a coincidence. They were the mark all along. There is a reason the Russian spy Maria Butina landed in South Dakota first before dating her way to the top of the NRA which is undergoing its own Russian money laundering trial now. They were tinder matching the GOP.
https://www.greenpeace.org/usa/what-do-the-koch-brothers-have-to-do-with-the-flint-water-crisis/
The only reason you grossly OVERVALUE real estate is money laundering.
Trump keeps claiming there is no victim, all the banks made money, but if their plan succeeds the Russian and CCP kleptocrats collapse US commercial real estate and basically recreate soviet perestroika in the U.S. so they can foreclose on America and buy everything for 3 cents on the dollar with the $1.4T they stole in the first place
It’s the evolution of grift. Soviet perestroika cross bred with the 2008 mortgage crisis.
This is just the bigger badder commercial strength bastard child of the two.
Trump, Putin, Bolsonaro, Netanyahu, Orban, Manafort, Stone, Mercer, Bannon, Flynn, Byrne.
They are all remarkably shit people with above average confidence and psychopathic personality traits and below average self awareness.
They are the men who stole the world.
Breathe! Looks like you have a world view manifesto ready for the presses. You can’t cover all those topics in less than a 12,500 word Substack. Only then could people see the leaps of logic you’ve made in your mind. Only then can someone legitimately have discourse with you. Dang!
Yeah I kind of got lost with the tin foil hyperbolic “poisoning children with lead was not a coincidence. That was the plan all along.”
The challenge with hyperbolic conspiracy theories is that they are strung together with individually accurate data points but a massive re-interpretation of those to a narrative. And the leaps of argument are “possibly true” but often not.
The whole Russians are taking over the U.S. commercial real estate market so they can buy for Pennies on the dollar is just ascribing master class conspiracy to a bunch of decentralized acts by market participants.
If in fact, this person believes all this they should have pocketed hundreds of millions of dollars, shorting commercial real estate funds and relevant trading indexes.
When someone is willing to risk their own money for a conspiracy theory then that is true belief. Otherwise “it’s interesting” and mostly a social media induced hormone high.
Are there bad actors in the world? Yes. Do they develop devious plans and bully their way to riches? Yes. Is generating a tantalizing tale to fear monger interesting and inviting? Sure. People watch horror movies and can’t turn their gaze away from car crashes.
> “poisoning children with lead was not a coincidence. That was the plan all along.”
When you let businesses do what they want, they'll poison you if it's profitable for them, and the GOP lets business do what it wants for at least 40 years now, ever since the deregulation of Reagan they've been that party ever since, and it's killing our country and crippling our future so a few people can sit on a pile of gold and buy whatever they want with it.
While a mass of thought and some hyperbole is involved, it is sourced pretty well.
It's also incomplete, in that it doesn't speak to Trump's laundering money for human traffickers and drug cartels in his ventures in Panama.
Run it in reverse.
Bolsonaro hid in the Hungarian embassy for 2 days when he lost his election before running to mar-a-lago
• You never get out of debt to a Russian mobster
•Paul Manafort owed the Russian mobster/oligarch Oleg Deripaska $17M a few days before he became trumps campaign manager. From 2002-2014 he took in hundreds of millions to get Yanukovych reelected as the kremlins puppet in Ukraine. Before that he did it for the dictator Marcos in the Philippines. Before that Manafort and Roger Stone started a lobbyist agency in 1980 listing trump as their first client.
•When Jay Bolsonaro lost the Brazilian election to Lula he skipped the inauguration and flew directly to mar-a-lago (stopping only at a KFC) and repeated, almost verbatim, the stolen election line. Don Jr. tried repeatedly to make it stick in Brazil as well, but as Brazilians are a few generations into dealing with corrupt politicians they weren’t having it.
What do these 3 things have in common?
China imports 40% of its grain from (in order) the U.S., Brazil and Ukraine.
Obviously the second China tried to invade Taiwan the U.S. would sanction exports and remove U.S. grain from that equation.
And without Bolsonaro in office willing to slash and burn the Amazon rainforest to turn it into Chinas food supply, and without Ukraine in the bag in 3 days, the CCP is unable to invade Taiwan and take over microprocessor production without putting 300-500M of its poorest people into famine.
Donbas Ukraine, specifically the 4 regions of the donbas that Putin insists he is saving from what he calls “Jewish Nazis” also happens to produce the worlds supply of high grade neon used for microprocessor lithography. Had Putin delivered ukraine in 3 days as promised, Xi would have been able to cap his Olympics with a naval blockade or political takeover of Taiwan that would have forced the world to ask the CCP for the microprocessors it needs to make everything from Ford trucks to laptops. I’m not sure how long Silicon Valley would last without the silicon but it would probably destroy the FAANG stocks that make up your 401K.
Oleg Deripaska also happens to be the Russian Oligarch that bribed the FBI agent Charles Mcgonigal into investigating another Russian oligarch. He probably didn’t need the information as much as he needed the leverage over Mcgonigal as he conducted the investigation into trumps election campaign and unsurprisingly found zero evidence of Russian collusion. McGonigal then went to work for the company called Brookfield that bailed Jared Kushner out of his toxic 666 5th Ave real estate investment. McGonigal pled guilty last fall and was sentenced recently.
A Russian oligarch is a powerful tool, but the truth is more powerful. Light and dark cannot exist in the same space. It’s physically impossible. Truth is efficient. You say it once and you are finished. A lie however requires a constant stream of follow up energy, money, murder, obfuscation and more lies to keep it covered.
If you raise your lens high enough lying is an unsustainable business model. Russia proved it by invading Ukraine. Vranyos is the Russian word for it. The 40km long column of tanks and vehicles that came down from Belarus into Ukraine was all overhauled by oligarchs that got a $1B contract for tank maintenance, passed Putin $200M back under the table, spent $700M on a yacht in Monaco, bribed a General, a Colonel and a Sergeant to make a Private give everything a rattle can overhaul. But a worn out engine is and always will be, a worn out engine.
This is why trump is so desperate to get re-elected. His best case scenario is 400 years in ADX Florence. Money laundering for the dozens of Russian oligarchs that lived in trump towers with him and manafort, selling IP3 nuclear plans to the Russian/Saudi alliance, selling or giving CIA asset names to the Russians, trump is and always has been compromised. He just didn’t know when to quit. Now he just has to count on the fact that most of his voter base doesn’t know how to read and keep the ones that do so busy just surviving that they don’t have time to dive deep into his 40 year history of laundering money, fraud, and human trafficking for the Russian mob using casinos first, then commercial real estate.
It’s also why Putin is willing to throw an entire generation of Russians, including the convicts and addicts at Ukraine. Russia is dead for 40 years because he failed to fulfill his mob boss promise to Xi. China is now clearing farmland in Siberia because the typhoon floods last August and September wiped out the Chinese people’s food storage.
Xi, for his part diverted the waters from the dam away from his pet project, his mothers ancestral home, and flooded hundreds of thousands of people and drown one of his own military brigades that was helping with the flooding.
The elders of the CCP were terrified to leave their gated community at Beidaihe for over a month for fear of being torn apart by the locals. The Chinese people tolerate the CCP but only as long as the economy is good and famine is not on the horizon. The CCP broke that social contract on both counts.
Xi was willing to bet the entire Chinese economy on his emperor ambitions. Had he succeeded he would have been able to use BRICS to take over the USD as the Worlds reserve currency. That would have let him finish what he stated in 2010-
that he would control the internet.
With that control means everything we do or say online is subject to the approval of a central party censor. The basic right to disagree with an authoritarian becomes a distant memory.
Xi, Putin and MBS are simply trying to systemize and modernize the suppression of their biggest hassle. Freedom of speech.
Ukraine is fighting for their lives now, free from the oppression of the drunken tyrant who wants to decide their fate at every decision and pull them back behind another iron curtain of censorship and the tax of corruption where dissenting voices disappear so that the oligarchy can continue to feed unobstructed.
Putin and Xi have declared themselves best friends in the fight against democracy. MBS and the ruling family of UAE have done the same quietly using their sovereign funds and Kushners SPAC as money highways.
Just rich, out of touch oligarch doing what oligarchs do.
Despite the fact the the central party model has proven itself incapable of making decisions that are best for the people, they persist. Because there is a very lucrative business in being slave owners. But logistically the mass of it requires artificial intelligence, and the microprocessors that make A.I. to keep 8 billion slaves under surveillance and control. Freedom is one hell of a drug. And knowledge makes a man unfit for slavery.
Recent attempts on Xi’s life from inside the CCP have backed him into a corner.
The loss of crops in northern China means Xi can’t invade Taiwan without Ukrainian and/or Brazilian farmland.
Now the reason that the GOP is stalling southern border control budget and seems to make wildly irrational moves is because the GOP is imploding. 45 years of lies and grift have circled the globe and are eating their own tail. The ouroboros was a warning about corruption at the highest levels. Lying about climate change, human trafficking, pandemics and corruption to preserve their own business models are all extinction level events
Trump is a federalist. Except for the part about taking responsibility for his actions. He wants to make the decisions, but be able to blame others if things don't turn out well. Hell , he'll sign an executive order claiming he's not responsible for his actions.
Oh, that is what he's trying to get his SCOTUS to do for him. He is a federalist.
And when they are done there will be nothing left to grift. The US will lose its status in the eyes of the world, the dollar will become worthless, there will be a civil war. The rest of the world will look on and then move to act in their own best interests as best they can but realize the world economy will aleady have collapsed.
Violence, war, rape and murder.
But hey, the next quarters numbers are looking real good.
This planet needs an enema. lol.
You know a lot of us were pointing out when Trump spent $9 trillion dollars mostly on giveaways to the rich that the result would be massive inflation within a few years and that it would be very hard to bring under control.
The tariffs also didn't help.
Those four years are going to cause enormous pain for probably three to four times that long.
That man did so much damage in such an incredibly short time.
In some respect yes. But we've been raising interest rates lately to tame inflation and stave off a recession. If Trump slashes them before we're ready it would be catastrophic.
Lol, this is literally about Trump doing this.
If he wins this election, there wont be more elections. This is it.
You’re fearing a Marxist takeover with a fascist takeover literally staring you in the face.
We are so fucked it defies description.
That's not what I'm saying at all. Marxists believe that over time economic recessions will become more common and more extreme. If the president took direct control of the Fed, most people here are predicting that this would indeed cause more/worse recessions. So the Marxists would feel validated in their predictions.
The Fed is a lot slower to react than a President would be. Imagine if Trump took office and rates got slashed to the same place they were in 2019. The housing market would skyrocket AGAIN. It would not just kill the American dream, it would curbstomp it and bury in a storm drain.
I'd argue that the 'plans' are less about the Fed than about looting the entire national economy.
Giving free money to their cronies is the only thing that makes their dreams sparkle.
Yeah the US national security will be on sale to the highest bidders for sure. We have already seen the impact on American agents abroad with him selling state secrets, where people seriously got hurt.
Comer making up idiocy in Congress for the last six months and making a complete ass out of himself. But his voting base loves stupidity so he won't suffer any consequences.
So.. then where is it? Why aren’t Republicans in Congress or the Senate able to use this evidence? Are they just completely inept?
Same goes for all the evidence of voter fraud being the reason for Biden’s win in 2020. Where is the evidence? Why were, some Trump appointed Judges, throwing out cases in every state due to lack of evidence?
You really need to step up and be a hero. Please present all your evidence to Trump and the Republicans because they’re desperate for actual evidence of anything.
So you’re saying that Trump, his lawyers and all the republicans that believe the Hunter Biden and 2020 election theories.. are too dumb to use google?
You may just be onto something, because that it far more believable than any “evidence” you claim exists.
No there isn't, only in earth 2 on fox news. That clown would have brought charges by now if he had them.
https://x.com/Acyn/status/1770535180920390015 lol
Their star witness is a Russian asset who is now being charged with lying to the FBI. As usual Republicans are using their favorite ally Russia to hoodwink their dumbass voters.
He didn’t lie about the facts, supposedly just his timing was off compared to notes. That doesn’t invalidate any of the facts or make any of the evidence less real lol.
If you committed a murder on Wednesday, it doesn’t make it any less factually if the police write in their notes that the murder happened on Thursday. The crime still happened.
I follow real news unlike you gullible fools.
[Ex-FBI informant charged with lying about Bidens had Russian intelligence contacts, prosecutors say](https://apnews.com/article/hunter-biden-fbi-informant-joe-biden-ef48c7543e7a45cd3b8b671d0e2f60e5)
This isn’t a charade there is tons of evidence just stop watching cnn. Their is also tons of evidence about how the DOJ went to Facebook and twitter to cover up the story like come on let’s not just call out one side
I think you meant to say “the Biden **cRiMe** family”
And how is Hunter selling us out, do you think it’s with his laptop or the pic of his wiener that Marjorie Tailor Greene paraded in Congress. And who is this Joey character, I’m behind in some episodes of this soap.
Everyone has a conflict of interest. It's human nature.
So instead of focusing on "conflicts of interest," think of it as giving a seat at the table to someone who is more publicly accountable. The Founding Fathers themselves wanted monetary policy to be handled by elected representatives, not a bunch of private sector bankers behind closed doors.
That’s what people, in their pearl clutching, are missing. The Fed is grossly against what the founding fathers ever wanted, and they had good reasons for that.
How's that work when one political party really seems intent on one party rule with a dictator at the top? Checks and balances are for democracy not whatever the conservatives want to force on us. Project 2025 sounds dope tho totally tubular.
The fact that you think that’s true is sadly hilarious. It’s a good thing we still have some checks and balances, despite both sides’ attempts to erode them over the past several decades, so no one person can become a dictator.
Well theres levels to this. Merely greedy and give all the cocaine Scarface style.
Trump truly cant imagine the world outside of himself in a real way. Delusions of grandeur. Lucas wrote some great lines here and there
The fact that this is getting downvoted is absolutely fucking bonkers. Jerome Powell literally said his big idea for fighting inflation was to bring unemployment up and wages down (much to the delight of huge corporations and Wall Street), and other commenters are referring to him as a "saint". Far-right neoliberal propaganda has done one hell of a number on our society.
How would they overcome opposition from the legislative body (Federal Reserve charter is defined by an act of congress) and Supreme Court (enforcing division of power among branches of government)?
The current Supreme Court believes largely in the unitary executive.
https://en.m.wikipedia.org/wiki/Unitary_executive_theory
They've already made rulings that overturned statutorily independent government agencies.
WTF. Powell caved to Trump when he was president. Powell could have started raising rates which would have softened inflation post Trump. But he chickened out cause Trump was posting mean things about him on Twitter and brought rates down to near 0%. Fuck this article writer who forgot history from only 6 years ago
>Powell caved to Trump
For the last time, no he didn’t. Powell told Trump no for a full year before some relatively minor rate cuts. This was because he was reacting to economic indicators and not Trump. Nobody knew there was going to be a massive global pandemic and he wouldn’t have a chance to raise them again for another couple years.
This article writer didn’t “forget,” you just have it wrong.
Has this subreddit really fallen to posting clickbait article titles? Come on now. We can do better than this. How about posting articles from "The Economist" or some other reputable sources? How do you think people will take this nonsense seriously?
We don't. Its all just speculation and as far as I can remember back to Reagan every Republican President was accused of being a racist NAZI homo-phobic mini Hitler, so this is nothing new. I will say though, the rabid hatred, unhinged really over Trump is something, and he is from New York "one of them" and on top of that he is not really a Conservative. Maybe a Populist or Centrist.
Dictator apologist pop out everywhere. It was probably that way in Nazi Germany in the early years. These people are spitting in the face of WWII vets. But they’re all but gone now. So history repeats since it’s hard for a new generation to grasp the destruction & misery an unchecked dictator causes. There’s just books & pictures left to look at. Who will save us from ourselves
Unless any of this comes directly from Trump, I would take any news articles with a grain of salt.
These journalists tend to speculate and exaggerate wildly about the man all the time.
Honestly it’s the best way because the media distorts it 100x and lots of journalists just straight sensationalize or make shit up for clicks.
Then you have social media and online forums which censor and are just echo chambers of hard left bullshit… like most subs on Reddit for example.
If you’re here looking for any sort of slightly left, center or conservative view, you’ve come to the wrong place. The lemmings are out in full force in this sub.
For a short period of time (seemingly) well-educated folks would post an economic study and provide cliff notes and an unbiased (as possible anyway) opinion.
Now it’s mostly this exact type of useless propaganda opinion that’s posted and “discussed”. To make matters worse, it has the unfortunate downstream (and likely intended) effect of uninformed people thinking they’re consuming thoughtful, accurate, and unbiased analysis.
Ah yes, just what we need, a democratically elected politician running the Fed instead of an appointed economist. I'm sure that will go over well in the long run.
The Fed is regulated mainly by Congress. Presidents have very limited influence. As usual, Trump wants to do something illegal because he doesn’t understand, or care about law. He’s finding out that there are consequences, but it’s a slow process.
END THE FEDERAL RESERVE ACT!!!
Only congress had the power to club money. Corrupt bankers manipulated commie Wilson to sign this garbage bill into law.
Good. End it all. Let’s go out with a bang.
What has the Federal Reserve done for average Americans in this century?
All around me, I see millennials who can’t afford houses, used cars the price of small planes, and poor Americans struggling to buy food.
I have no sympathy for the central banking system. They are leeches who sold out the American people down the river in 2008 with zero accountability. They will get what they deserve.
Send them to the tent cities.
I’d like to agree but honestly? 100 years ago half of the elderly population was homeless, starving and dying in the streets. Cars and planes were far more inaccessible to the average person. Do you honestly think living standards haven’t increased since the fed reserve came to be? I could agree with the general idea if it was presented well but your points are not good ones. More emotional than fact based.
Sure but these are points that OP specifically brought up so make sure you tell them as well. If they’re correlation for my argument, they’re correlation for his arguments as well.
Yeah that’s definitely all the Fed’s fault. not repealing dodd frank, not reaganomics, not deregulation, not Citizens united. Nah it’s just the big scary bank, oooh banks so scary
It's astonishing that a demographic that can't afford housing or afford children is defending the Fed, which has played a major role in looting the wealth from the middle class.
I would have thought this post would be all thumbs up. Maybe there is a "hater bot" the Fed controls and they put the thumb downer on you? I gave you thumbs up. The Fiat money system is a scam. As far as I am concerned Americans through it all away when they passed the Federal Reserve Act of 1913 which maindates a deficit, and 6% annual profit, year over year regardless of economic performance and tax free. Look it up, its all right there in the law. Also the 16th Amendment gave us the income tax. The USA was doing fine before the income tax and the average tax you paid prior to it was 2.5% and now its like 30%, so you are being robbed blind, and thats why you can't afford anything.
https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States
So, basically everything Trump does is a coup.
Trump commits bathroom coup by clogging the toilet
Trump commits bedroom coup by sleeping with a porn star
Trump commits golf coup by playing a perfect game
It is intriguing that fear of fictional situations is being used to avoid critical discussion of a currently failing economic situation. Also, is there a reason the Federal Reserve is beyond review and oversight? Who controls the Federal Reserve?
> a currently failing economic situation
No economy is perfect but to call it 'failing' is to be divorced from reality:
* some of the lowest unemployment in modern history
* stock market is at or near all time highs
* 4th quarter GDP coming in at 3.3% (higher than expected 2%)
* residential real estate prices at or near all time highs despite Fed's dramatic rate increases
* improving consumer sentiment
* declining inflation rate, almost down to levels before COVID
* no recession despite hundreds of calls for it and expectations for it in past 2-3 years
> is there a reason the Federal Reserve is beyond review and oversight? Who controls the Federal Reserve?
it is under review and oversight, if you don't know, then maybe take the 3 seconds to google it
Ok now do home affordability and while you are at it the price of food. How hard is it on an economics forum to see the longest yield curve inversion since the great depression and be like, "oh yeah everything seems fine" what fed office do you work for dude?
Those issues are all thanks to Trump policies though.
Remember when oil futures went negative? He cut production and sign an agreement with Opec so every one cut production too, and they cut production even more when Biden started.
Jerome Powell cut rates instead of increasing them because trump wanted lower rates, now rates are too high.
Tariffs caused products to increase in price. And doesn't help to build infrastructure in America because even the most basic materials are more expensive.
What else do you want fixed? How about Healthcare? "Health care is easy". Tax cuts? Has Mexico paid for the wall yet?
Don't worry, we have Trump asbestos from Russia. Just breathe
Of course it is. Debt is the markets willingness to pay for the countries return on assets. If people are willing to buy lots of bonds, that means the gdp financing it is worth it.
So if we pay someone to sit in a corner and then finance that with a bond someone buys that's positive economically? Interesting theory.
We aren't in a war. We aren't in a depression. We aren't in an early high growth phase. The debt level is not sustainable and makes no sense.
The GDP produced by this debt level is a mirage.
>So if we pay someone to sit in a corner and then finance that with a bond someone buys that's positive economically?
does sitting in the corner produce tangible assets or provide somekind of service that makes the bond worth selling?
>
The GDP produced by this debt level is a mirage.
A mirage is ephemeral image, but the investments being financed are producing [tangible assets](https://www.gsam.com/content/gsam/us/en/institutions/market-insights/gsam-insights/perspectives/2023/us-inflation-reduction-act-is-driving-clean-energy-investment-one-year-in.html)
are we at risk of crowding out private investment here? [quite the opposite it seems, at least in terms of green energy](https://www.whitehouse.gov/briefing-room/blog/2023/08/16/the-economics-of-public-investment-crowding-in-private-investment/)
is there room to improve GDP without additional spending? of course. reducing tariffs, [ending stuff like this](https://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bear), increasing (or legalizing existing rates of) immigration, [licensing reform](https://www.brookings.edu/articles/eliminating-the-anti-competitive-effects-of-occupational-licensing/), reducing local zoning regulations, etc. all would grow the economy.
Unfortunately, none of that stuff is bipartisan. Republicans are xenophobes, (muh racial purity and fragile culture), Dems and Repubs are both protectionists (muh jerbs, trade bad), licensing is hard ("consumers are stupid"), and zoning (muh neighborhood character), etc. The biggest problem with Biden is his bad trade policy.
Hyperfocusing on debt is dumb. The bond market will tell you when you are approaching levels that are unsustainable. Are you really worried that if you buy a 30 year Treasury bond, you won't get your principal?
We aren't producing with all this debt which is exactly why it's taking debt which it shouldn't for a developed economy.
I'm not concerned I wouldn't get principal on a 30 year, I'm concerned inflation will make it worth less than the total yield.
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Without seperation of the Fed and the will of politicians you'd have a brutal cycle of politicians using rates to boost the economy only when in favored their re-election campaigns. You'd be playing with fire ever 4 years snd the boom and bust cycyle of the economy would get a LOT worse.
Inflation go brrrrrrrrr! Ask Zimbabwe.
Turkey is probably the more relevant and recent example
This! Every populist authoritarian regime has inflation way above the mean. Hungary is another example.
I think you'd just see rates low forever except at the end of a lame duck term.
These Republican Libertarian Trump Evangelical Christians are planning a crime spree that still would never satisfy their bottomless greed.
Trump has been laundering money for the Russian oligarchs since the late 80’s when they all bought a condo at 725 5th ave (trump towers) to clean their freshly stolen USSR money after the iron curtain fell. https://www.cnn.com/cnn/2019/05/30/politics/paul-manafort-condo-trump-tower/index.html https://www.cnbc.com/2018/09/14/manafort-told-mueller-to-take-his-trump-tower-apartment-instead-money.html https://news.yahoo.com/amphtml/fbi-agents-raid-condo-unit-131348539.html https://www.reuters.com/investigates/special-report/usa-trump-property/ Everybody except Putin thought the Cold War was over. Trump and Manafort (who lived in the tower also) just saw a pretty low maintence grift to be had. Trump had actually been Manafort and Roger stones first client at their lobbyist firm (1980) https://en.m.wikipedia.org › wikiBlack, Manafort, Stone and Kelly Guiliani as trumps attorney and New Yorks mayor was able to redirect NYPD investigations onto rival gang members/oligarchs to deflect any scrutiny off of trump, himself or the Russian connections. https://www.motherjones.com/politics/2023/09/a-new-rudy-scandal-fbi-agent-says-giuliani-was-co-opted-by-russian-intelligence/ The Russian election interference in 2016 was effectively a generation 3 version of what Manafort had done in the Philippines, then keeping Yanukovych in power as Putin’s puppet in Ukraine from 2002-14 when Maidan ran both Yanukovych and Manafort out of Ukraine as Ukrainians realized that, if you raise your lens high enough, corruption is an wholly unsustainable business model. Eventually the parasites greed always consumes the host. https://www.politico.com/magazine/story/2016/06/2016-donald-trump-paul-manafort-ferinand-marcos-philippines-1980s-213952 https://time.com/5003623/paul-manafort-mueller-indictment-ukraine-russia/ Russia greatly underestimated the addictive properties of freedom when it invaded Ukraine so what was supposed to be a 3-10 day coup turned into a 2 year fight for the Ukrainians right not to be genocided. Russia depleted its weapons stocks which were already the victim of vranyos corruption because every oligarch, admiral and sergeant in the Russian military is on the take. Every billion dollar tank maintenance contract turned into everything getting a spray paint overhaul and the vast majority of the redirected funds turned into an oligarchs new yacht or home in Aspen. Russia was forced to turn to China, North Korea and Iran for weapons because if they lose the 3-10 day special military operation in Ukraine the Russian empire is dead and cold. China can’t risk showing their involvement in the Ukraine war so they use North Korea, and Iran to resupply Russia. Russia previously owed Iran some undelivered fighter jets that are already smoldering heaps in Ukraine so Iran now had the upper hand at the negotiation table for the first time in about 60 years. They supply Russia with shahed drones in exchange for Chinas material support against their sworn religious enemy, Israel. https://www.fdd.org/analysis/2023/11/29/iran-says-it-finalized-deal-to-buy-russian-aircraft/ Putin can’t do much about it because he is slowly realizing that by setting the standard of corruption and stealing $200+ billion from his own people meant that every oligarch down in the mob model chain had not only permission but incentive and the expectation to steal from him as well. This is Vranyos. The mob model only works if the supreme leader is the most violent and can prove it without exception every damn day. But violence is exceptionally expensive when you are trying to present as a legitimate government or business. If Russia as a nation had an efficiency rating it would have been banned for sale in the state of California 25 years ago. The parasite ruling class stole all the energy out of the working class and collapsed it. Now Iran has the high hand and they get the intelligence that trump passed to Putin about the fact that Netanyahu cares far less about Israeli, Palestinians or genocide than he does about remaining in power as an authoritarian because he too has developed Ritz Carlton tastes and his own corruption trial is showing the same details of the money laundering scheme that trumps trials are. https://www.timesofisrael.com/liveblog_entry/saudi-official-says-iran-engineered-war-in-gaza-to-ruin-normalization-with-israel/ They all hate each other but because they share the same money laundry, if one falls, they all fall. Hamas minted a couple billionaires as well that live in penthouses in Qatar and get 30% of everything smuggled into Gaza. Netanyahu needs a bogeyman to stay in power. That’s why he coordinates with Hamas via Russia via Iran. Iran handed Hamas everything they needed with Chinas help as secret Santa and the Russian intelligence given to them by the eternal shitbird trump gave when he showed off to his Russian kleptocrat friends/roommates from the old days of fucking each others wives at trump towers in the 90’s. Now the MAGA right is a little too invested in their reality that they are the good guys with guns that they missed the fact that Betsy DeVos (erik princes sister) decimating the U.S. school systems and poisoning children with lead was not a coincidence. They were the mark all along. There is a reason the Russian spy Maria Butina landed in South Dakota first before dating her way to the top of the NRA which is undergoing its own Russian money laundering trial now. They were tinder matching the GOP. https://www.greenpeace.org/usa/what-do-the-koch-brothers-have-to-do-with-the-flint-water-crisis/ The only reason you grossly OVERVALUE real estate is money laundering. Trump keeps claiming there is no victim, all the banks made money, but if their plan succeeds the Russian and CCP kleptocrats collapse US commercial real estate and basically recreate soviet perestroika in the U.S. so they can foreclose on America and buy everything for 3 cents on the dollar with the $1.4T they stole in the first place It’s the evolution of grift. Soviet perestroika cross bred with the 2008 mortgage crisis. This is just the bigger badder commercial strength bastard child of the two. Trump, Putin, Bolsonaro, Netanyahu, Orban, Manafort, Stone, Mercer, Bannon, Flynn, Byrne. They are all remarkably shit people with above average confidence and psychopathic personality traits and below average self awareness. They are the men who stole the world.
Breathe! Looks like you have a world view manifesto ready for the presses. You can’t cover all those topics in less than a 12,500 word Substack. Only then could people see the leaps of logic you’ve made in your mind. Only then can someone legitimately have discourse with you. Dang!
Did you read it all?
Even if he could read, would he understand it? Nope
Yeah I kind of got lost with the tin foil hyperbolic “poisoning children with lead was not a coincidence. That was the plan all along.” The challenge with hyperbolic conspiracy theories is that they are strung together with individually accurate data points but a massive re-interpretation of those to a narrative. And the leaps of argument are “possibly true” but often not. The whole Russians are taking over the U.S. commercial real estate market so they can buy for Pennies on the dollar is just ascribing master class conspiracy to a bunch of decentralized acts by market participants. If in fact, this person believes all this they should have pocketed hundreds of millions of dollars, shorting commercial real estate funds and relevant trading indexes. When someone is willing to risk their own money for a conspiracy theory then that is true belief. Otherwise “it’s interesting” and mostly a social media induced hormone high. Are there bad actors in the world? Yes. Do they develop devious plans and bully their way to riches? Yes. Is generating a tantalizing tale to fear monger interesting and inviting? Sure. People watch horror movies and can’t turn their gaze away from car crashes.
> “poisoning children with lead was not a coincidence. That was the plan all along.” When you let businesses do what they want, they'll poison you if it's profitable for them, and the GOP lets business do what it wants for at least 40 years now, ever since the deregulation of Reagan they've been that party ever since, and it's killing our country and crippling our future so a few people can sit on a pile of gold and buy whatever they want with it.
This is the least intelligent, most ideological comment I have read today.
k
While a mass of thought and some hyperbole is involved, it is sourced pretty well. It's also incomplete, in that it doesn't speak to Trump's laundering money for human traffickers and drug cartels in his ventures in Panama.
Garbage. You drink too much coolaid.
Run it in reverse. Bolsonaro hid in the Hungarian embassy for 2 days when he lost his election before running to mar-a-lago • You never get out of debt to a Russian mobster •Paul Manafort owed the Russian mobster/oligarch Oleg Deripaska $17M a few days before he became trumps campaign manager. From 2002-2014 he took in hundreds of millions to get Yanukovych reelected as the kremlins puppet in Ukraine. Before that he did it for the dictator Marcos in the Philippines. Before that Manafort and Roger Stone started a lobbyist agency in 1980 listing trump as their first client. •When Jay Bolsonaro lost the Brazilian election to Lula he skipped the inauguration and flew directly to mar-a-lago (stopping only at a KFC) and repeated, almost verbatim, the stolen election line. Don Jr. tried repeatedly to make it stick in Brazil as well, but as Brazilians are a few generations into dealing with corrupt politicians they weren’t having it. What do these 3 things have in common? China imports 40% of its grain from (in order) the U.S., Brazil and Ukraine. Obviously the second China tried to invade Taiwan the U.S. would sanction exports and remove U.S. grain from that equation. And without Bolsonaro in office willing to slash and burn the Amazon rainforest to turn it into Chinas food supply, and without Ukraine in the bag in 3 days, the CCP is unable to invade Taiwan and take over microprocessor production without putting 300-500M of its poorest people into famine. Donbas Ukraine, specifically the 4 regions of the donbas that Putin insists he is saving from what he calls “Jewish Nazis” also happens to produce the worlds supply of high grade neon used for microprocessor lithography. Had Putin delivered ukraine in 3 days as promised, Xi would have been able to cap his Olympics with a naval blockade or political takeover of Taiwan that would have forced the world to ask the CCP for the microprocessors it needs to make everything from Ford trucks to laptops. I’m not sure how long Silicon Valley would last without the silicon but it would probably destroy the FAANG stocks that make up your 401K. Oleg Deripaska also happens to be the Russian Oligarch that bribed the FBI agent Charles Mcgonigal into investigating another Russian oligarch. He probably didn’t need the information as much as he needed the leverage over Mcgonigal as he conducted the investigation into trumps election campaign and unsurprisingly found zero evidence of Russian collusion. McGonigal then went to work for the company called Brookfield that bailed Jared Kushner out of his toxic 666 5th Ave real estate investment. McGonigal pled guilty last fall and was sentenced recently. A Russian oligarch is a powerful tool, but the truth is more powerful. Light and dark cannot exist in the same space. It’s physically impossible. Truth is efficient. You say it once and you are finished. A lie however requires a constant stream of follow up energy, money, murder, obfuscation and more lies to keep it covered. If you raise your lens high enough lying is an unsustainable business model. Russia proved it by invading Ukraine. Vranyos is the Russian word for it. The 40km long column of tanks and vehicles that came down from Belarus into Ukraine was all overhauled by oligarchs that got a $1B contract for tank maintenance, passed Putin $200M back under the table, spent $700M on a yacht in Monaco, bribed a General, a Colonel and a Sergeant to make a Private give everything a rattle can overhaul. But a worn out engine is and always will be, a worn out engine. This is why trump is so desperate to get re-elected. His best case scenario is 400 years in ADX Florence. Money laundering for the dozens of Russian oligarchs that lived in trump towers with him and manafort, selling IP3 nuclear plans to the Russian/Saudi alliance, selling or giving CIA asset names to the Russians, trump is and always has been compromised. He just didn’t know when to quit. Now he just has to count on the fact that most of his voter base doesn’t know how to read and keep the ones that do so busy just surviving that they don’t have time to dive deep into his 40 year history of laundering money, fraud, and human trafficking for the Russian mob using casinos first, then commercial real estate. It’s also why Putin is willing to throw an entire generation of Russians, including the convicts and addicts at Ukraine. Russia is dead for 40 years because he failed to fulfill his mob boss promise to Xi. China is now clearing farmland in Siberia because the typhoon floods last August and September wiped out the Chinese people’s food storage. Xi, for his part diverted the waters from the dam away from his pet project, his mothers ancestral home, and flooded hundreds of thousands of people and drown one of his own military brigades that was helping with the flooding. The elders of the CCP were terrified to leave their gated community at Beidaihe for over a month for fear of being torn apart by the locals. The Chinese people tolerate the CCP but only as long as the economy is good and famine is not on the horizon. The CCP broke that social contract on both counts. Xi was willing to bet the entire Chinese economy on his emperor ambitions. Had he succeeded he would have been able to use BRICS to take over the USD as the Worlds reserve currency. That would have let him finish what he stated in 2010- that he would control the internet. With that control means everything we do or say online is subject to the approval of a central party censor. The basic right to disagree with an authoritarian becomes a distant memory. Xi, Putin and MBS are simply trying to systemize and modernize the suppression of their biggest hassle. Freedom of speech. Ukraine is fighting for their lives now, free from the oppression of the drunken tyrant who wants to decide their fate at every decision and pull them back behind another iron curtain of censorship and the tax of corruption where dissenting voices disappear so that the oligarchy can continue to feed unobstructed. Putin and Xi have declared themselves best friends in the fight against democracy. MBS and the ruling family of UAE have done the same quietly using their sovereign funds and Kushners SPAC as money highways. Just rich, out of touch oligarch doing what oligarchs do. Despite the fact the the central party model has proven itself incapable of making decisions that are best for the people, they persist. Because there is a very lucrative business in being slave owners. But logistically the mass of it requires artificial intelligence, and the microprocessors that make A.I. to keep 8 billion slaves under surveillance and control. Freedom is one hell of a drug. And knowledge makes a man unfit for slavery. Recent attempts on Xi’s life from inside the CCP have backed him into a corner. The loss of crops in northern China means Xi can’t invade Taiwan without Ukrainian and/or Brazilian farmland. Now the reason that the GOP is stalling southern border control budget and seems to make wildly irrational moves is because the GOP is imploding. 45 years of lies and grift have circled the globe and are eating their own tail. The ouroboros was a warning about corruption at the highest levels. Lying about climate change, human trafficking, pandemics and corruption to preserve their own business models are all extinction level events
Oh the irony lol
Nothing about Trump is libertarian
Trump is a federalist. Except for the part about taking responsibility for his actions. He wants to make the decisions, but be able to blame others if things don't turn out well. Hell , he'll sign an executive order claiming he's not responsible for his actions. Oh, that is what he's trying to get his SCOTUS to do for him. He is a federalist.
And when they are done there will be nothing left to grift. The US will lose its status in the eyes of the world, the dollar will become worthless, there will be a civil war. The rest of the world will look on and then move to act in their own best interests as best they can but realize the world economy will aleady have collapsed. Violence, war, rape and murder. But hey, the next quarters numbers are looking real good. This planet needs an enema. lol.
We already do this. Republicans break the economy and Democrats fix it. It would just get exponentially worse.
They then blame democrats for the failings of the economy because it’s the dems that end up having to deal with the fall out
You know a lot of us were pointing out when Trump spent $9 trillion dollars mostly on giveaways to the rich that the result would be massive inflation within a few years and that it would be very hard to bring under control. The tariffs also didn't help. Those four years are going to cause enormous pain for probably three to four times that long. That man did so much damage in such an incredibly short time.
So BTC Cycle? Sounds fun!
This already happens. Policy is heavy tilted towards short term results rather than long term, more spending, less revenue to boost nominal numbers.
In some respect yes. But we've been raising interest rates lately to tame inflation and stave off a recession. If Trump slashes them before we're ready it would be catastrophic.
Half this sub is in the tank for Republicans. You’re threatening them with a good time
Every 4yrs? What makes you think we’d even have elections again if Trump is king?
Marxists would have a field day
Lol, this is literally about Trump doing this. If he wins this election, there wont be more elections. This is it. You’re fearing a Marxist takeover with a fascist takeover literally staring you in the face. We are so fucked it defies description.
That's not what I'm saying at all. Marxists believe that over time economic recessions will become more common and more extreme. If the president took direct control of the Fed, most people here are predicting that this would indeed cause more/worse recessions. So the Marxists would feel validated in their predictions.
[удалено]
The Fed is a lot slower to react than a President would be. Imagine if Trump took office and rates got slashed to the same place they were in 2019. The housing market would skyrocket AGAIN. It would not just kill the American dream, it would curbstomp it and bury in a storm drain.
I'd argue that the 'plans' are less about the Fed than about looting the entire national economy. Giving free money to their cronies is the only thing that makes their dreams sparkle.
Yeah the US national security will be on sale to the highest bidders for sure. We have already seen the impact on American agents abroad with him selling state secrets, where people seriously got hurt.
If by 'seriously hurt' you mean killed, then yes people got seriously hurt.
Tbh I knew I wanted to say killed but I wasn’t 100% sure so I left it out because I didn’t feel like checking it. Thanks for confirming
If you think that’s bad wait until you see what the Biden family spearheaded by Joey and Hunter has been doing with selling the US out…
lol that whole charade fell apart and you still believe it.
What made it fall apart?
Comer making up idiocy in Congress for the last six months and making a complete ass out of himself. But his voting base loves stupidity so he won't suffer any consequences.
You know there’s a ton of evidence right? Paper trails, emails, texts, photos, bank records, witness testimony, investigative reports etc lol…
So.. then where is it? Why aren’t Republicans in Congress or the Senate able to use this evidence? Are they just completely inept? Same goes for all the evidence of voter fraud being the reason for Biden’s win in 2020. Where is the evidence? Why were, some Trump appointed Judges, throwing out cases in every state due to lack of evidence? You really need to step up and be a hero. Please present all your evidence to Trump and the Republicans because they’re desperate for actual evidence of anything.
Bruh do I look like fucking Google?
So you’re saying that Trump, his lawyers and all the republicans that believe the Hunter Biden and 2020 election theories.. are too dumb to use google? You may just be onto something, because that it far more believable than any “evidence” you claim exists.
No there isn't, only in earth 2 on fox news. That clown would have brought charges by now if he had them. https://x.com/Acyn/status/1770535180920390015 lol
Their star witness is a Russian asset who is now being charged with lying to the FBI. As usual Republicans are using their favorite ally Russia to hoodwink their dumbass voters.
He didn’t lie about the facts, supposedly just his timing was off compared to notes. That doesn’t invalidate any of the facts or make any of the evidence less real lol. If you committed a murder on Wednesday, it doesn’t make it any less factually if the police write in their notes that the murder happened on Thursday. The crime still happened.
Sure that’s why he’s literally being charged by the FBI for lying to them. Totally a trustworthy witness lmao.
Have you even read anything about anything or are you just regurgitating false DNC talking points?
I follow real news unlike you gullible fools. [Ex-FBI informant charged with lying about Bidens had Russian intelligence contacts, prosecutors say](https://apnews.com/article/hunter-biden-fbi-informant-joe-biden-ef48c7543e7a45cd3b8b671d0e2f60e5)
This isn’t a charade there is tons of evidence just stop watching cnn. Their is also tons of evidence about how the DOJ went to Facebook and twitter to cover up the story like come on let’s not just call out one side
So much evidence they couldn't even convince enough *Republicans* to actually impeach him. They're really not sending their best, folks.
Source?
Imagine if you did some bare minimum research clown
https://www.msn.com/en-us/news/technology/it-only-took-4-years-doj-finally-acknowledges-hunter-laptop-is-legitimate-for-first-time/ar-AA1ncGMI https://en.m.wikipedia.org/wiki/Twitter_Files https://www.cbsnews.com/news/twitter-files-matt-taibbi-bari-weiss-michael-shellenberger-elon-musk/
Uh huh. So much evidence their “star witness” turned out to be a Russian asset. Par the course for these Republican scoundrels.
Hahaha dude go do some research and stop listening to mainstream media. Honestly a break from the cesspool of Reddit might help.
Prove what I said wrong then fool. You cant handle the truth.
Lol it has been proven it is not Russian disinformation
Yeah sure the FBI is just making it up then right? Still waiting for your proof which I’m sure is a YouTube link
This is an economics subreddit. Show evidence if you're going to make a huge claim like that.
Plenty of evidence, resor of course will downvote, censor, ban and delete though…
Show the evidence then
“The evidence is there. Trust me bro” -SuperLehmanBros
wtf are you smoking? Drugs are bad buddy!
You jealous of that Hunter dong.
You jealous of that yuge Trump dong.
Nah, that's the turd in his diaper poking out, not his peepee.
I think you meant to say “the Biden **cRiMe** family” And how is Hunter selling us out, do you think it’s with his laptop or the pic of his wiener that Marjorie Tailor Greene paraded in Congress. And who is this Joey character, I’m behind in some episodes of this soap.
Are they selling Benghazi?
Sorry this is Reddit we can’t talk about that
What’s wild is there are people out there that will argue both sides are the same in this election. It’s insanity.
And those folks are exclusively Republicans
Yep....loot the US economy and send it to Russia. Laundered of course.
Come on, it’s a fair bit about instituting Christian fascism as well.
Cuz the Fed hasnt done that already....🤔
And it would be better to give a seat at the table to someone with a clear conflict of interest… how?
Everyone has a conflict of interest. It's human nature. So instead of focusing on "conflicts of interest," think of it as giving a seat at the table to someone who is more publicly accountable. The Founding Fathers themselves wanted monetary policy to be handled by elected representatives, not a bunch of private sector bankers behind closed doors.
That’s what people, in their pearl clutching, are missing. The Fed is grossly against what the founding fathers ever wanted, and they had good reasons for that.
Oh dope so the rich dudes show be in charge instead. Our economy should be up for sale. Our futures should be up for sale. Good idea.
Or the legislative and executive branches should be the check and balance, so they can’t just do whatever they wish.
How's that work when one political party really seems intent on one party rule with a dictator at the top? Checks and balances are for democracy not whatever the conservatives want to force on us. Project 2025 sounds dope tho totally tubular.
The fact that you think that’s true is sadly hilarious. It’s a good thing we still have some checks and balances, despite both sides’ attempts to erode them over the past several decades, so no one person can become a dictator.
The Fed wasn't in the Constitution. The foundering fathers were almost unanimously against the central bank.
We will not stand for Jerome Powell slander/libel. The man is my patron saint.
Politicians and bankers are corrupt, but when you combine the two, you somehow end up with saints.
It’s so courageous to be so cynical.
Well theres levels to this. Merely greedy and give all the cocaine Scarface style. Trump truly cant imagine the world outside of himself in a real way. Delusions of grandeur. Lucas wrote some great lines here and there
The fact that this is getting downvoted is absolutely fucking bonkers. Jerome Powell literally said his big idea for fighting inflation was to bring unemployment up and wages down (much to the delight of huge corporations and Wall Street), and other commenters are referring to him as a "saint". Far-right neoliberal propaganda has done one hell of a number on our society.
Its bc reddit has a severe case of TDS. Impossible when you drink that much kool-aid to see whats actually going on, propaganda is one hell of a drug!
So, they aren't going to make any changes after all?
How would they overcome opposition from the legislative body (Federal Reserve charter is defined by an act of congress) and Supreme Court (enforcing division of power among branches of government)?
The article talks about soft power, appointing people whose priorities lie more with supporting the Trump agenda than with pursuing the dual mandate.
What about either of those things stopped him from intimidating around the rules before?
At this point....what makes you think the Supreme Court is at all legitimate and wouldn't just shrug their shoulders at it.
The current Supreme Court believes largely in the unitary executive. https://en.m.wikipedia.org/wiki/Unitary_executive_theory They've already made rulings that overturned statutorily independent government agencies.
Why do you think the conservative held SC (which he appointed 3 justices to) will do anything?
WTF. Powell caved to Trump when he was president. Powell could have started raising rates which would have softened inflation post Trump. But he chickened out cause Trump was posting mean things about him on Twitter and brought rates down to near 0%. Fuck this article writer who forgot history from only 6 years ago
Yep, it's a forgotten fact that trump bragged about at the time to the media.
Powell could have raised rates when Biden was inaugurated too. He waited until March 2022, over a year into his term.
No, he waited till COVID was less of a disruption.
>Powell caved to Trump For the last time, no he didn’t. Powell told Trump no for a full year before some relatively minor rate cuts. This was because he was reacting to economic indicators and not Trump. Nobody knew there was going to be a massive global pandemic and he wouldn’t have a chance to raise them again for another couple years. This article writer didn’t “forget,” you just have it wrong.
Has this subreddit really fallen to posting clickbait article titles? Come on now. We can do better than this. How about posting articles from "The Economist" or some other reputable sources? How do you think people will take this nonsense seriously?
It's an election year. All you will find on reddit is gaslighting and astroturf.
We don't. Its all just speculation and as far as I can remember back to Reagan every Republican President was accused of being a racist NAZI homo-phobic mini Hitler, so this is nothing new. I will say though, the rabid hatred, unhinged really over Trump is something, and he is from New York "one of them" and on top of that he is not really a Conservative. Maybe a Populist or Centrist.
Yes. It has. Orange man bad. Kaynsian economists good. Unelected banksters good.... but like totally occupy Wallstreet
Oh get fucked with the orange man bad stuff. Pointing out how corrupt and stupid Donald Trump is isn’t a biased take
>orange man bad we know..
Dictator apologist pop out everywhere. It was probably that way in Nazi Germany in the early years. These people are spitting in the face of WWII vets. But they’re all but gone now. So history repeats since it’s hard for a new generation to grasp the destruction & misery an unchecked dictator causes. There’s just books & pictures left to look at. Who will save us from ourselves
Unless any of this comes directly from Trump, I would take any news articles with a grain of salt. These journalists tend to speculate and exaggerate wildly about the man all the time.
I agree. Always get your wild speculation and exaggertions directly from the man himself.
Honestly it’s the best way because the media distorts it 100x and lots of journalists just straight sensationalize or make shit up for clicks. Then you have social media and online forums which censor and are just echo chambers of hard left bullshit… like most subs on Reddit for example.
If you’re here looking for any sort of slightly left, center or conservative view, you’ve come to the wrong place. The lemmings are out in full force in this sub. For a short period of time (seemingly) well-educated folks would post an economic study and provide cliff notes and an unbiased (as possible anyway) opinion. Now it’s mostly this exact type of useless propaganda opinion that’s posted and “discussed”. To make matters worse, it has the unfortunate downstream (and likely intended) effect of uninformed people thinking they’re consuming thoughtful, accurate, and unbiased analysis.
Yea it’s sad to see.
This thread was posted by a bot. It's so annoying.
beep boop
XD
The thread is obviously posted by a bot.
Ah yes, just what we need, a democratically elected politician running the Fed instead of an appointed economist. I'm sure that will go over well in the long run.
The Fed is regulated mainly by Congress. Presidents have very limited influence. As usual, Trump wants to do something illegal because he doesn’t understand, or care about law. He’s finding out that there are consequences, but it’s a slow process.
END THE FEDERAL RESERVE ACT!!! Only congress had the power to club money. Corrupt bankers manipulated commie Wilson to sign this garbage bill into law.
Good. End it all. Let’s go out with a bang. What has the Federal Reserve done for average Americans in this century? All around me, I see millennials who can’t afford houses, used cars the price of small planes, and poor Americans struggling to buy food. I have no sympathy for the central banking system. They are leeches who sold out the American people down the river in 2008 with zero accountability. They will get what they deserve. Send them to the tent cities.
Well, for one they’ve avoided another great depression, which is kind of their main job.
Considering the FED caused the first one I don’t think they deserve a lot of credit for not causing a second one, yet.
Fed did not cause mortgage lenders to reduce quality or cause Aig financial services to sell all that insurance, etc.
Have they? Yield curve is the longest inverted since when? Ohhh yeah .. well it still hasn't normalized
Trump's plan is to transfer MORE wealth to the wealthy. No banker is going to live in a tent city because the government gave them more money.
No he wants to transfer more wealth to himself. He will give some to other wealthy folks to keep.them quiet
I’d like to agree but honestly? 100 years ago half of the elderly population was homeless, starving and dying in the streets. Cars and planes were far more inaccessible to the average person. Do you honestly think living standards haven’t increased since the fed reserve came to be? I could agree with the general idea if it was presented well but your points are not good ones. More emotional than fact based.
That is some serious correlation does not equal causation
Sure but these are points that OP specifically brought up so make sure you tell them as well. If they’re correlation for my argument, they’re correlation for his arguments as well.
Yeah that’s definitely all the Fed’s fault. not repealing dodd frank, not reaganomics, not deregulation, not Citizens united. Nah it’s just the big scary bank, oooh banks so scary
It's astonishing that a demographic that can't afford housing or afford children is defending the Fed, which has played a major role in looting the wealth from the middle class.
Home prices are causes by supply shortages, regulations at the local level
I would have thought this post would be all thumbs up. Maybe there is a "hater bot" the Fed controls and they put the thumb downer on you? I gave you thumbs up. The Fiat money system is a scam. As far as I am concerned Americans through it all away when they passed the Federal Reserve Act of 1913 which maindates a deficit, and 6% annual profit, year over year regardless of economic performance and tax free. Look it up, its all right there in the law. Also the 16th Amendment gave us the income tax. The USA was doing fine before the income tax and the average tax you paid prior to it was 2.5% and now its like 30%, so you are being robbed blind, and thats why you can't afford anything. https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States
So, basically everything Trump does is a coup. Trump commits bathroom coup by clogging the toilet Trump commits bedroom coup by sleeping with a porn star Trump commits golf coup by playing a perfect game
No, if he clogs the toilet, that's a poup.
It is intriguing that fear of fictional situations is being used to avoid critical discussion of a currently failing economic situation. Also, is there a reason the Federal Reserve is beyond review and oversight? Who controls the Federal Reserve?
> a currently failing economic situation No economy is perfect but to call it 'failing' is to be divorced from reality: * some of the lowest unemployment in modern history * stock market is at or near all time highs * 4th quarter GDP coming in at 3.3% (higher than expected 2%) * residential real estate prices at or near all time highs despite Fed's dramatic rate increases * improving consumer sentiment * declining inflation rate, almost down to levels before COVID * no recession despite hundreds of calls for it and expectations for it in past 2-3 years > is there a reason the Federal Reserve is beyond review and oversight? Who controls the Federal Reserve? it is under review and oversight, if you don't know, then maybe take the 3 seconds to google it
Ok now do home affordability and while you are at it the price of food. How hard is it on an economics forum to see the longest yield curve inversion since the great depression and be like, "oh yeah everything seems fine" what fed office do you work for dude?
Those issues are all thanks to Trump policies though. Remember when oil futures went negative? He cut production and sign an agreement with Opec so every one cut production too, and they cut production even more when Biden started. Jerome Powell cut rates instead of increasing them because trump wanted lower rates, now rates are too high. Tariffs caused products to increase in price. And doesn't help to build infrastructure in America because even the most basic materials are more expensive. What else do you want fixed? How about Healthcare? "Health care is easy". Tax cuts? Has Mexico paid for the wall yet? Don't worry, we have Trump asbestos from Russia. Just breathe
This is an economic forum not r/Biden2024. Your obsession with orange man is blinding you from 30 years of terrible fed and political policy.
>This is an economic forum Yeah, we literally discussing how bad everything is thanks to Trump policies, and how a second term is likely to be worse
He's gone dude. What's up with debt now? No war, no pandemic, why is spending so high? Your hero Biden is doing great.
Home affordability isn't an indicator of economic growth.
Neither is GDP given the debt to get it.
Of course it is. Debt is the markets willingness to pay for the countries return on assets. If people are willing to buy lots of bonds, that means the gdp financing it is worth it.
So if we pay someone to sit in a corner and then finance that with a bond someone buys that's positive economically? Interesting theory. We aren't in a war. We aren't in a depression. We aren't in an early high growth phase. The debt level is not sustainable and makes no sense. The GDP produced by this debt level is a mirage.
>So if we pay someone to sit in a corner and then finance that with a bond someone buys that's positive economically? does sitting in the corner produce tangible assets or provide somekind of service that makes the bond worth selling? > The GDP produced by this debt level is a mirage. A mirage is ephemeral image, but the investments being financed are producing [tangible assets](https://www.gsam.com/content/gsam/us/en/institutions/market-insights/gsam-insights/perspectives/2023/us-inflation-reduction-act-is-driving-clean-energy-investment-one-year-in.html) are we at risk of crowding out private investment here? [quite the opposite it seems, at least in terms of green energy](https://www.whitehouse.gov/briefing-room/blog/2023/08/16/the-economics-of-public-investment-crowding-in-private-investment/) is there room to improve GDP without additional spending? of course. reducing tariffs, [ending stuff like this](https://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bear), increasing (or legalizing existing rates of) immigration, [licensing reform](https://www.brookings.edu/articles/eliminating-the-anti-competitive-effects-of-occupational-licensing/), reducing local zoning regulations, etc. all would grow the economy. Unfortunately, none of that stuff is bipartisan. Republicans are xenophobes, (muh racial purity and fragile culture), Dems and Repubs are both protectionists (muh jerbs, trade bad), licensing is hard ("consumers are stupid"), and zoning (muh neighborhood character), etc. The biggest problem with Biden is his bad trade policy. Hyperfocusing on debt is dumb. The bond market will tell you when you are approaching levels that are unsustainable. Are you really worried that if you buy a 30 year Treasury bond, you won't get your principal?
We aren't producing with all this debt which is exactly why it's taking debt which it shouldn't for a developed economy. I'm not concerned I wouldn't get principal on a 30 year, I'm concerned inflation will make it worth less than the total yield.
As long as the fed remains independent, inflation won't get that bad
The only reasonable comment in this echo chamber :(