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Old 08-19-2019, 10:39 AM
 
Location: Denver, CO
8,658 posts, read 1,979,435 times
Reputation: 1701

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Quote:
Originally Posted by TwoByFour View Post
Trump is in way over his head here and needs to shut his yap and let the adults manage the Fed.
If adults were running the Fed the Fed wouldn't exist.
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Old 08-19-2019, 10:40 AM
 
9,524 posts, read 2,893,827 times
Reputation: 5713
Quote:
Originally Posted by Loveshiscountry View Post
Implement it? Implement? lol QE has been going on since Obama was in office.
The Fed ended it in 2014.
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Old 08-19-2019, 10:42 AM
 
9,524 posts, read 2,893,827 times
Reputation: 5713
Quote:
Originally Posted by rebeldor View Post
End the Fed.
I agree, but that's not the point. The point is now Trump wants the Fed to save him from himself.
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Old 08-19-2019, 10:56 AM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Quote:
Originally Posted by TwoByFour View Post
Classic Trump - use debt to get your business out of trouble and then default on the debt payments. Trouble is, if the US were to default it would crash the world economy. Trump is in way over his head here and needs to shut his yap and let the adults manage the Fed.
That is so Chinese! lol
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Old 08-19-2019, 01:24 PM
 
Location: Planet earth
3,357 posts, read 1,342,358 times
Reputation: 1131
Quote:
Originally Posted by trobesmom View Post
So, Trump's policies are biting the average Joe in the ass, so he wants the Fed to come in and rescue him from himself. How convenient.

https://www.cnbc.com/2019/08/19/trum...ve-easing.html

He is no different than any politician (except retired Ron Paul) in that he is willing to kick the same can down the road which will eventually cause much greater harm to our economy when it eventually collapses... and it MUST eventually collapse because they cannot pay the interest due on debt with the higher rate government bonds that are maturing. That is why they are considering issuing 50 and 100 year low rate government bonds.



Ron Paul's YouTube channel has been covering the impending but certain collapse for some time now, and lately it has really ratcheted up.
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Old 08-19-2019, 01:34 PM
 
Location: Florida
22,695 posts, read 9,661,865 times
Reputation: 18572
Sounds like Trump-type instant gratification solutions. But we all know Donny's long sad history of failed businesses and bankruptcies, as well as financial crimes, so there is no surprise here. Donny loves playing fast and loose with other people's money. This is a fiscally irresponsible man, who did not pay his bills, did not pay back investors or banks and even scams charity donors. All that gold stuff and supposed billions are just hype.
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Old 08-19-2019, 01:49 PM
 
Location: Ontario, NY
2,751 posts, read 6,278,356 times
Reputation: 2819
I like how he says "the Economy is so strong" statement, he apparently doesn't understand how the Fed works, if the economy is too strong, the fed raises interest rates to slow the economy down so it doesn't get over heated and lowers the interest rate if the economy is getting too weak to speed it up.
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Old 08-19-2019, 01:52 PM
 
Location: East Lansing, MI
9,224 posts, read 8,077,493 times
Reputation: 3918
Quote:
Originally Posted by Loveshiscountry View Post
Implement it? Implement? lol QE has been going on since Obama was in office.


LOL No, it hasn't. LOL
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Old 08-19-2019, 01:59 PM
 
Location: Oklahoma
7,003 posts, read 6,299,789 times
Reputation: 6311
Well it's good to see Trump feuding with another one of his "best people" (Jerome Powell).

Trump is talking about how Jerome Powell was a "nobody" until Trump put him in charge of the Fed and now Trump is indignant that the guy is doing his job.

Who besides Trump would ever say something like that? Sheesh.
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Old 08-19-2019, 02:19 PM
 
Location: The middle of nowhere
9,427 posts, read 4,278,674 times
Reputation: 7982
Quote:
Originally Posted by eddie gein View Post
Well it's good to see Trump feuding with another one of his "best people" (Jerome Powell).

Trump is talking about how Jerome Powell was a "nobody" until Trump put him in charge of the Fed and now Trump is indignant that the guy is doing his job.

Who besides Trump would ever say something like that? Sheesh.
Here's to hoping that Powell remains in charge of the Fed until Trump is out of office.

QE is very dangerous and should not even have been done under Obama. The fact that Trump is calling for it to be started up again says everything that needs to be said about the current economy.

Plus, remember how outraged conservatives were when QE happened under Obama? Remember how reckless they said it was? Why is QE all of a sudden a great thing now that Trump is advocating it?
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