Even the billionaires think Trump is damaging the economy.
P4cific4 on
Look what happened to Turkey 12 months after their ‚Fed‘ went full political: hyperinflation
Ok_Entrepreneur_4059 on
It’s really hard believing this guy, even when I know what he is saying is true
TintedApostle on
Of course it will because the market is no longer free.
ChiefFun on
If the Fed does not remain independent, human greed will take over everything. Thus ruining the consistent and predictable market that makes the US economy safe.
turquoise_amethyst on
I’m… is that a warning, a threat, or a promise?
I can’t tell with these billionaires anymore
arMoredcontaCt on
“If we didn’t have an independent fed to stop us from fucking you over, the free market would require us to fuck you over, and we would be happy to do so knowing full well it would fuck over the entire economy! We would be happily required to do so!”
He complained facetiously
JoostvanderLeij on
We will crash the stock market if we get a Trump idiot as the FED chair. But Trump is okay with that because he needs a big crisis to abolish democracy.
PatSajaksDick on
WH: „President Trump, we have the BofA CEO on the line for you“
Trump: „Pleasure to speak to you, may I ask what BofA is?“
CEO: „BofA deez nuts!“
That’s why I’d be a great Bank of America CEO
eatsumsketti on
Maybe not electing a moron and laying off thousands of people wasn’t a smart move.
BarCompetitive7220 on
Recent Financial Times agrees – US is now longer that shining monument to aspire too, even bankers realize that and they can’t fleece those financiers outside US borders
CantankerousJerry on
Billionaires made the FED, of course they would want it to be independent from the government. Just smite the whole operation at this point.
hexiron on
The Market will punish people. Period.
That’s the name of the game.
The punishment will just be more focussed on specific groups if the government takes hold, and historically that typically proved worse for citizens overall.
FrecklesNICE on
What do you think is already happening to people? We are all ready being punished … Phuck him
spazzvogel on
The market is going to punish people no matter what at this point…
kaewan on
The thing with the Fed and being independent, is that it isn’t independent at all! It’s controlled by special interests, basically Wall Street.
The problem is how to wrestle control from Wall Street and create a Treasury-Central Bank partnership focused on employment, infrastructure, debt reduction, and productive investment, not asset inflation.
Not sure Trump’s plan has that in mind.
handsumlee on
*nervous sweating* „um i sure hope trump who the rich helped into power isn’t as crazy as the things he has been saying…..“
Damerman on
You better hope so brian.
NorahGretz on
>“And everybody knows that.“
Except for Donald Trump.
On_ur_left on
Maybe they shouldn’t have donated to his campaign. Ya know, because like he crazy.
Alib668 on
It’s extremely simple, markets price risk. A political fed means the price of money has to now include the risk of political interference. What ever that means the markets will learn loose money then price it correctly
Dubabear on
Rich people will punish regulars people through their pensions and 401ks.
But it’s ok for him to say since it’s anti trump
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Even the billionaires think Trump is damaging the economy.
Look what happened to Turkey 12 months after their ‚Fed‘ went full political: hyperinflation
It’s really hard believing this guy, even when I know what he is saying is true
Of course it will because the market is no longer free.
If the Fed does not remain independent, human greed will take over everything. Thus ruining the consistent and predictable market that makes the US economy safe.
I’m… is that a warning, a threat, or a promise?
I can’t tell with these billionaires anymore
“If we didn’t have an independent fed to stop us from fucking you over, the free market would require us to fuck you over, and we would be happy to do so knowing full well it would fuck over the entire economy! We would be happily required to do so!”
He complained facetiously
We will crash the stock market if we get a Trump idiot as the FED chair. But Trump is okay with that because he needs a big crisis to abolish democracy.
WH: „President Trump, we have the BofA CEO on the line for you“
Trump: „Pleasure to speak to you, may I ask what BofA is?“
CEO: „BofA deez nuts!“
That’s why I’d be a great Bank of America CEO
Maybe not electing a moron and laying off thousands of people wasn’t a smart move.
Recent Financial Times agrees – US is now longer that shining monument to aspire too, even bankers realize that and they can’t fleece those financiers outside US borders
Billionaires made the FED, of course they would want it to be independent from the government. Just smite the whole operation at this point.
The Market will punish people. Period.
That’s the name of the game.
The punishment will just be more focussed on specific groups if the government takes hold, and historically that typically proved worse for citizens overall.
What do you think is already happening to people? We are all ready being punished … Phuck him
The market is going to punish people no matter what at this point…
The thing with the Fed and being independent, is that it isn’t independent at all! It’s controlled by special interests, basically Wall Street.
The problem is how to wrestle control from Wall Street and create a Treasury-Central Bank partnership focused on employment, infrastructure, debt reduction, and productive investment, not asset inflation.
Not sure Trump’s plan has that in mind.
*nervous sweating* „um i sure hope trump who the rich helped into power isn’t as crazy as the things he has been saying…..“
You better hope so brian.
>“And everybody knows that.“
Except for Donald Trump.
Maybe they shouldn’t have donated to his campaign. Ya know, because like he crazy.
It’s extremely simple, markets price risk. A political fed means the price of money has to now include the risk of political interference. What ever that means the markets will learn loose money then price it correctly
Rich people will punish regulars people through their pensions and 401ks.
But it’s ok for him to say since it’s anti trump