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Since the current Chairman of the FED Jerome Powell was appointed by Trump, I'm hoping that Trump is only looking for a scapegoat for what his economists see coming. Uncontrolled inflation would be a disaster for a middle class that has no power.
People have no comprehension of how difficult things might get coming off of QE and ultra-low interest rates. Paying the piper will not be easy.
It is a balancing act. Interest rates were TOO LOW. Look at historical rates since WWII. My first mortgage was over 10%, and I thought I was getting a good deal!
There is no middle class. It's an illusion that's been maintained with debt, and higher interests rates will prove this.
Truth is, the parasites have damn near consumed the host some time ago. Should have fixed the economy while we had the chance, but that would have required short term pain for long term gain, and who wants to be troubled with that?
When times are good, the Bank wins.
When times are bad, the People lose.
They are a den of vipers and thieves. Who should be routed out, and by the eternal God, we will eventually will rout them out.
After eight years as President, I have only two regrets:
That I have not shot Henry Clay
Or hung John C. Calhoun.
And you think Trump is aggressive, for a President.
There is no middle class. It's an illusion that's been maintained with debt, and higher interests rates will prove this.
Truth is, the parasites have damn near consumed the host some time ago. Should have fixed the economy while we had the chance, but that would have required short term pain for long term gain, and who wants to be troubled with that?
No Presidential candidate would get elected on it.
We are in a position now where the best any President can do is put off the inevitable during their term and push it off to the next President.
It seems like everything falls under National Security these days.
Don't let the Too Big to Fail, Fail? It is because it falls under National Security.
People ok with Farm Subsidies say it falls under National Security.
I'll bet the leaders in the Soviet Union would agree as well.
Obama had near 0% interest rates his entire eight years as the Fed needed to practice Quantitative Easing due to the POOR ECONOMY. Obama's policies only extended any recovery, so they had to keep interest rates historically low. Now, we have a very robust economy, and the Fed needs to raise interest rates to avoid INFLATION. Are they doing it too much, too fast? Maybe. That is all Trump is saying.
Big difference having a businessman in office rather than a Community Organizer who never had a real job in his life.
A business man can be just as corrupt as a community organizer.
For someone that does not owe anyone anything there sure is a big increase in Corporate and Banking Lobbyists under Trump.
President Donald Trump promised to drain the swamp. Instead, it’s filling up.
For the first time since 2007, the number of registered lobbyists along with federal lobbying spending each went up, reversing annual declines that began a decade ago.
It is a balancing act. Interest rates were TOO LOW. Look at historical rates since WWII. My first mortgage was over 10%, and I thought I was getting a good deal!
Look at the debt created during the Obama years.
That bubble has to be popped, or slowly deflated.
Totally unacceptable.
The Fed is there to be oversight in what politicians want to do.
It is the means, that allows out government to go way beyond it's Constitutional boundaries, with the hidden tax upon the People.
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