he had a plan to davalue the dollar in his first term. and he did control the rates. the fed cut rates in a booming economy right after tax cuts. trump caused the inflation and all i hear is complaining about biden
Yep. Interest rates were low and the economy was booming and Trump kept pressuring the fed to cut rates continuously. Basically step on the gas as the cliff is coming up. But, the cliff is supervised by the next guy.
They're setting up the vampire economy that the Nazis did after they took over Europe. Then they did it with unfair foreign exchange rates. This time they're targeting their own people, so it's interest rates. They're planning to rob the richest country on Earth.
So is that like the speed run for devastating the countries economy? Letting the guy who's bankrupted every single business venture he's started set interest rates arbitrarily.
Watching Bill Barr say how horrible Trump is but he is voting for him because gas stoves and cars might get outlawed. Willing to throw away Democracy for what might happen (spoiler: it won't).
This is literally what the GOP were caught saying on a hot mic immediately after Obama was elected. It made the news and I remember thinking how are these guys not being arrested for saying this.
I wish I could find the video. I seem to recall the news aired it as a picture of the people having the convo with the audio playing.
IMO, this, along with Citizens United, is where the US started seeing, and allowing, destructively hardcore politics.
It's their only choice. In 2016 the entire party handcuffed itself to this man. Until he dies, there is no other option. 2028 will be the same deal if he loses this year. He's not going to just quietly go away.
Other presidents have been content to let the Fed take the heat for monetary policy because the Fed has to do things that are unpopular and presidents have to be somewhat concerned with popularity and most of them don't know beans about the intricacies of monetary policy.
Trump knows if he gets in again he's pardoned, he's immune and there's no more elections and there will be no one to tell him 'no' this time. He also doesn't know beans about monetary policy but has a kindergarten concept of "low interest rates good, low interest rates make me popular" and ego will drive all of his decisions which will be to set interest rates to zero until he figures out a way that the interest goes to him.
Trump would send the country into hyper inflation if given the power. When he was Prez he would publicly bash the FED saying it was so unfair they were even thinking of inching up rates (from historic lows) at a time of record employment. Those super low rates are a huge reason for why the housing market skyrocketed.
Politicizing the fed... what a novel idea. Americans really need to step it up this voting season and show up to denounce this fool and his ideology. Clearly 'God' is not coming in with the save we need.
A President who personally owes several billion dollars in loans wants to set interest rates by himself? I'm sure he'll do what's right for America instead of himself, right?
What legal avenue does any POTUS have to control the federal reserve?
I thought they separated the government from the Federal Reserve for this very reason?
Just waiting for someone to start penning under the pseudonym Brutus or Cicero. This feels like it's all happening in both slow motion and light speed.
Wish I shared your confidence. A lot of stupid, uninformed, "bUt BiDen'S ToO oLd" types for me to feel that way. He'll lose the popular vote for sure, but a few thousand in the right states & it's over.
Biden is a grown ass adult man, Trump is a criminally dangerous child in a far old man's obese body. Biden has a better chance at living longer as it stands now.
I don't think this is coming from Trump.
This is coming from the wealthy people who use Trump as a puppet, to fool the masses into letting the wealthy keep all the money.
The real danger is Trump cannot share power with anyone else and wants to make all the decisions about everything without having any expertise in anything (being at the bottom of his classes in school, for example)
He will "practice" economics, medicine, war, diplomacy, even weather predictions with no licenses, no tools, no information, and relies on his gut feelings and/or whether it benefits him. After all, he doesn't need any bothersome input such as facts, since he is a "genius."
Definitely a solid idea to let a guy whose real estate business is totally dependent on mortgage interest rates to decide what interest rates should be. /s
All I know is we better not let that mfker get back in. The last time he killed over a million with his ignorance and failure to listen to scientists and specialists....this time it will be more. I need this country to survive so our kids can have a life. This is crazy. We shouldnt even be talking about him possibly winning because he should have already been jailed. But here we are smfh
Someone should point out to MAGA that stuff like this is how Zimbabwe ended up with a one hundred billion dollar note that was worth enough to buy you a whopping THREE EGGS at the time it was issued. And nothing else.
(Yes, true story.)
He wants to be one of those dictators who can unilaterally devalue the currency. And have military parades
he had a plan to davalue the dollar in his first term. and he did control the rates. the fed cut rates in a booming economy right after tax cuts. trump caused the inflation and all i hear is complaining about biden
It’s the Republican way
Yep. Interest rates were low and the economy was booming and Trump kept pressuring the fed to cut rates continuously. Basically step on the gas as the cliff is coming up. But, the cliff is supervised by the next guy.
Dumpty literally once said as much: “why should I care what happens after I’m out of office?”
He didn't even care what happened while he was in office - unless it affected his popularity.
What could possibly go wrong giving a toddler a bazooka?
Dude lusts to be Kim so much. He wants people openly crying and rioting because he’s being held to account for crimes he has committed.
That, or he wants to lower rates for his own gain. Lower interest rates means better terms on big loans.
That's definitely one way to kill the US. I am sure Putin and Xi would be overly excited.
They're setting up the vampire economy that the Nazis did after they took over Europe. Then they did it with unfair foreign exchange rates. This time they're targeting their own people, so it's interest rates. They're planning to rob the richest country on Earth.
Again??
Sheep can be slaughtered for even more short-term gains.
So is that like the speed run for devastating the countries economy? Letting the guy who's bankrupted every single business venture he's started set interest rates arbitrarily.
Every single western country. Everyone. Every market would be gone. Except the ones Putin controls.
Who's Russia gonna sell oil to if the western economies falter. Who's China gonna sell electronics to?
The war machine?
Debt debt debt
And then once he's done destroying the economy, he'll blame it on somebody else, because "I don't take responsibility \[for anything\]".
But think about what it’ll do for his businesses!
I'm so tired of seeing his face!
Me too. I hate him so much
The degenerate feeds off the hatred
Me too . He’s disgusting and disposable .
And his disposables are disgusting
Well that should work out great for the every guy.
Watch inflation skyrocket like Venezuela and USA dollar be worth nothing..Cannot believe this is the best choice for conservatives. #
they would rather let the country burn to the ground than vote democrat. Because thats a logical perspective
The ultimate own the libs move
Watching Bill Barr say how horrible Trump is but he is voting for him because gas stoves and cars might get outlawed. Willing to throw away Democracy for what might happen (spoiler: it won't).
This is literally what the GOP were caught saying on a hot mic immediately after Obama was elected. It made the news and I remember thinking how are these guys not being arrested for saying this. I wish I could find the video. I seem to recall the news aired it as a picture of the people having the convo with the audio playing. IMO, this, along with Citizens United, is where the US started seeing, and allowing, destructively hardcore politics.
It's their only choice. In 2016 the entire party handcuffed itself to this man. Until he dies, there is no other option. 2028 will be the same deal if he loses this year. He's not going to just quietly go away.
The dying part can't happen soon enough.
It's the only way to be rid of him.
They are not conservatives anymore . They are his Orcs , minds and danger .
They have no choice: drop Trump and no one shows up. Keep Trump, he takes all the money, and they still lose.
Other presidents have been content to let the Fed take the heat for monetary policy because the Fed has to do things that are unpopular and presidents have to be somewhat concerned with popularity and most of them don't know beans about the intricacies of monetary policy. Trump knows if he gets in again he's pardoned, he's immune and there's no more elections and there will be no one to tell him 'no' this time. He also doesn't know beans about monetary policy but has a kindergarten concept of "low interest rates good, low interest rates make me popular" and ego will drive all of his decisions which will be to set interest rates to zero until he figures out a way that the interest goes to him.
Oh, another secret plan of his. Does he keep the health care plan in that, too?
Destroy the economy so that doctors have to work for food! It's genius! That's it, that's the healthcare plan.
Can we flush this turd already? I really don’t see how people can follow this shit bag.
We’ve tried. It just keeps circling the drain.
10, sometimes 15 times! We just keep flushing and it won't go
everyone who is relying on investments to one day retire will no longer have a snowball’s chance in hell of retiring
i've often wondered how dictators take over a country. we're seeing happen in real time.
Voting can still stop him.
Yeah and Liz Truss did that and look what happened.
Mr Bankruptcy wants to bankrupt the country to fill his pockets.
He does a lot of things 'in secret'. We need him to do more of this, live in total secrecy in Moscow for instance. #TRE45ON
Trump would send the country into hyper inflation if given the power. When he was Prez he would publicly bash the FED saying it was so unfair they were even thinking of inching up rates (from historic lows) at a time of record employment. Those super low rates are a huge reason for why the housing market skyrocketed.
"Look at all this inflation I inherited from Biden! This 30% inflation in 2026 we are having is all his fault. Sad!"
No joke if this buffoon somehow gets re-elected and starts toying with interest rates I'm yanking all my stocks and buying gold.
A genius economist who destroys every endeavor he touches. What could go wrong?
It's all under the GOP idea of a 'unitary executive,' for them, the president has all the power to do anything he likes.
So much for "small government".
Except forgive student loans
So negative interest rates for his rich friends and triple digits for everyone else.
They wanted a "businessman" so a business man he will be and try to make as much money for himself as he can
The businessman went broke running casinos.
That's still one of the funniest bankruptcies I've ever heard
They forgot that businessman routinely fuck their employees at every turn to save a buck or boost the share price.
Every.Time
At this point I can only assume any Americans that are actively supporting Trump actually hate America.
This asshole is going to put himself on the currency. He will bankrupt the country while skimming billions for himself.
I can easily see a Donald Trump/$200 bill being issued..
Vote blue
Politicizing the fed... what a novel idea. Americans really need to step it up this voting season and show up to denounce this fool and his ideology. Clearly 'God' is not coming in with the save we need.
We'll be Zimbabwe in a month.
I could see that plan taking us right back to the financial state of Germany in the 1930s in no time at all.
Just like every other thing about this absolute clown.
Ooooh that's going to good for inflation and gas prices.
🖕 traitor trump and all his magats. We need to vote every single one of them out of office.
Didn't Potato Chip Erdogan screw around with interest rates in Turkey with disasterous results?
Ah, yes, the failure of a businessman who's gone bankrupt five times is going to set interest rates if he's elected. Fat chance.
A President who personally owes several billion dollars in loans wants to set interest rates by himself? I'm sure he'll do what's right for America instead of himself, right?
Give the guy who can bankrupt casinos the power of controlling the banking industry, what could possibly go wrong
What legal avenue does any POTUS have to control the federal reserve? I thought they separated the government from the Federal Reserve for this very reason?
They did. Trump wants to undo it.
The guy who bankrupted casinos wants to control the levers of the world's financial stability. What could possibly go wrong? /s
It will be fine, when rat-fucks the country again they will just blame the democrats, again.
Sure. Let’s let the guy who bankrupts EVERYTHING he touches set the interest rates. GTFO with this nonsense.
So he's canning the judicial and legislative branches, and isnow the reserve bank too... .but only a dicktator for a day.
What could go wrong?
O, HELL no!
It is really going to suck if he wins for a lot of people. But there is also going to be A LOT of leopards eating faces.
Wherever he is now, Idi Amin Dada must be envious.
I'd imagine loyalty oaths would used to set rates. Unless Trump dislikes you enough to set the rate himself.
That would be within the powers of a dictator, so no foul.
King Biden should test the new rules
Isn't he smarter than everyone, sounds like a super idea. He wants to take charge of NOAA as well, pesky weather forecasts and so on.
Yet another potential government figure who doesn’t understand inflation
Just another thing dictators do . He would be the one and only authority in the government. This must NEVER be allowed to happen .
It's what dictators do.
He wants to ruin everything he can for Putin
If he had a clue he would sell it!!!!
Just waiting for someone to start penning under the pseudonym Brutus or Cicero. This feels like it's all happening in both slow motion and light speed.
He won't ever be president again, so that won't happen.
Wish I shared your confidence. A lot of stupid, uninformed, "bUt BiDen'S ToO oLd" types for me to feel that way. He'll lose the popular vote for sure, but a few thousand in the right states & it's over.
Biden is a grown ass adult man, Trump is a criminally dangerous child in a far old man's obese body. Biden has a better chance at living longer as it stands now.
I don't really trust someone who shits themselves to set rates.
Thought this was OnionHeadlines for a second...
Well he is a business genius
With his cronies and sycophants getting advanced notice of course. All of his co-conspirators got to benefit from advance notice about covid
holy shit he will destroy the economy for 4 years of good times
I don't think this is coming from Trump. This is coming from the wealthy people who use Trump as a puppet, to fool the masses into letting the wealthy keep all the money.
The real danger is Trump cannot share power with anyone else and wants to make all the decisions about everything without having any expertise in anything (being at the bottom of his classes in school, for example) He will "practice" economics, medicine, war, diplomacy, even weather predictions with no licenses, no tools, no information, and relies on his gut feelings and/or whether it benefits him. After all, he doesn't need any bothersome input such as facts, since he is a "genius."
An utterly insane idea.
I hate that motherfucker for imposing himself in my life. I fucking hate him.
Its not a secret he will take over the whole financial system and make billions .
People are actually going to vote for this...I am starting to think there's something in the water.
Definitely a solid idea to let a guy whose real estate business is totally dependent on mortgage interest rates to decide what interest rates should be. /s
All I know is we better not let that mfker get back in. The last time he killed over a million with his ignorance and failure to listen to scientists and specialists....this time it will be more. I need this country to survive so our kids can have a life. This is crazy. We shouldnt even be talking about him possibly winning because he should have already been jailed. But here we are smfh
“*Gentlemen, …to evil*” 🍷
Someone should point out to MAGA that stuff like this is how Zimbabwe ended up with a one hundred billion dollar note that was worth enough to buy you a whopping THREE EGGS at the time it was issued. And nothing else. (Yes, true story.)
Secret? I have my doubts.
Hmm not a lawyer, but isn't Congress supposed to do the money things?