PRESIDENT TRUMP JUST ASKED THE SUPREME COURT FOR THE AUTHORITY TO FIRE FEDERAL RESERVE CHAIR JEROME POWELL

Is this what made the stock market go up?
Jesus, things are getting seriously retarded.
I think I might take all my money and buy lottery tickets.

The president doesnt have power to fire people of private institutions

Nnnnoooooo, we need our heckin' checks and balances!

Nothing changes and everything gets worse.

Nnnnoooooo, no one is doing their job, we need a strongman who does things to actually do everything!

Something changes and everything gets worse.

I fed up with dis waurld

Yep. Money printer is the last hope of salvaging this. Tells you a lot about what you’re investing in.

Can anybody in this thread explain why trump wants to fire powell and what would be the result of doing so?

Answer the question, faggot.

Because we are getting a new fed chair?
Fuck off zoom-zoom faggot child. Go play roblox or some other dumb shit

I think I might take all my money and buy lottery tickets.

Lottery is a scam, stock market is a scam you can win if you accept it's retarded and that market will go up if Trump says "BUY NOW".

Trump wants lower rates rather than Powell's conservative (normal) rates, in this case Trump firing Powell would be more significant than the rate cuts because the US would lose its independent central bank and become less trustworthy to international capital.

I hope that you're joking. This would mean the death of the USD.

trump wants to fire powell because his low iq plan to tariff the world to crash the economy to get the fed to lower rates somehow failed (by not making any sense in the first place), now he is resorting to force because he is a fucking retard

"independent"

Basically this.
In times past, people with some awareness and honest objective observations were able to read the signs and were smart enough to leave their country before the total collapse , before it was too late.
With today's global economy and banking it's easier for those with wealth to keep it distributed in foreign holdings up to a point, and still remain in country. So we might not see the kind of Exodus migration of the wealthy away from US like has happened in the past. But I bet there will be some.
How many anons in US looking for a place to expatriate to?

Reminder that he wanted to appoint fucking Judy Shelton to the Fed in 2020 lmao.

RIP Treasuries.

As a tourist who knows nothing about finance and politics, can someone explain to me what that means and why it would be such a big deal?

Some people are saying it’s the biggest Inflation increase ever. The most beautiful inflation anyone has ever seen, that’s what they are telling me.

FED should inherently be independent from government and shouldn’t be influenced by government pressure at all. This is really bad credibility-wise if it falls through.

Whole point of it being independent is to stop government from blowing up inflation in short term to keep long term stable.

Naive

The Federal Reserve sets interest rates and it has to be extremely careful in doing so. Higher rates have a recessive effect which slows down investment and employment, but also strengthening the currency and reducing inflation. When it lowers the interest rate, people borrow and invest more so the economy tends to expand and more jobs are created, but it adds inflationary pressure and weakens the currency. This requires an extreme level of caution as it can completely fuck up the economy if you do it wrong, a lot of the time all it takes is for the head of a central bank to just make an announcement that he's considering maybe sorta do a small adjustment months later for markets to immediately react. This is why central bank independence is so important, if it's subject to political interference then politicians start to force interest rates to shift according to what's convenient for them at the moment which leads to Turkey tier instability.

We keep the fed independent because its a non political entity that acts on data on the economy. It doesn't implement policy because the president is a fucking retard

Genuinely how do you spin this into a good move?
Ok the tariffs are already ultra retarded but at least you can lie about bringing manufacturing back. What angle do they have here?

the president can appointment the head of the fed

uh huh

the president can fire the head of the fed

wtf!?

I think Turkey did this and had hyperinflation. They now have an interest rate over 40%

Can't they just say no?

The dems/chinese/jews control the fed.

Powell has twice already

white Christians own Constantinople

most prosperous place on earth

brown muslims own Istanbul and create one of the worst currencies on the planet

Really makes ya think

sure, but if they do it shamelessly and publicly as well, people will definitely react badly.

Federal reserve was created by goyim, read the creature from Jekyll island

He's anticipating lower level Obama appointed judges to try and block him

He wants to get rid of the national debt. The Fed's whole game is to (unconstitutionally) print paper dollars then charge Americans interest to use them.

Many such cases

Congress has the power over economic matters. That includes being able to delegate that power to others. It's why Trump can go ahead with implementing tariffs, because decades ago Congress allowed the executive branch the ability to handle tariffs.

Its literal banana republic tier country policy. Imagine if the president had a say on interest rates in the world's biggest economy, from the reserve that issues the world currency.

He should. It's his country's currency.

*can't

without jews...you lose??

if you want to end up like Zimbabwe or Venezuela, then sure.

jews in charge of America

most prosperous place on Earth

white christian in charge of America

banana republic in 3 months

really makes one think

Who would've been great, you colossal faggot.

banana republics are…LE BAD

any more third-grade propaganda you’ve been fed you wanna spit out?

trump

christian

At best he's a shabbos goy.

Please be trolling.

Can't tell if bait anymore
That's how he markets himself though, and white christians believe it (vote for him)

don't have subhumans as presidents and you won't end like those subhuman countries

even if that was true, the orange subhuman is in the oval office, so...

tf are you kvetching about, moshe? It was more jewish than a purim celebration at the Manhattan's synagogue.

At best he's a shabbos goy.

Reminder first thing he did after his first election was to discretly convert to judaism, just like Milei. But at least Javier was open about it, Bloumpfstein hid it to keep being seen as the christcuck messiah in the southern states.

Imagine if the president had a say on interest rates in the world's biggest economy, from the reserve that issues the world currency.

Not arguing for this, but if you can't see what the issues are with the federal reserve, you need to review every anti fed claim anyone has ever made, of which there are plenty. Whether by public or private, irresponsible financial policy will always be irresponsible. My understanding of the situation is Uncle Donny wants low interest rates so borrowing is easier and America can rebuild faster. If the federal reserve does not care about America's well being or has a different image of America's future than the prez, that's where problems arise.

Probably most important of all is the fact that Trump loathes endless red tape and bureaucracy; what's been especially telling of how fucked Americans are is how many kvetch over someone trying to bypass their sacred checks and balances during a time when nothing has been done to make the average Joe's life better. Put another way, Trump may be unhealthy to a very good system, but that very good system has very bad people in it who talk all day and hate anything that attempts to dismantle their comfy position of power. Just start your own bank and a new global reserve currency Mr. President, lmao. I hope he does it, fuck the fed.

Hylics should be barred from all leadership.

I see what you're saying. Problem is, Trump's not pushing for this thinking about America's well being, but rather because he wants control. He's not dealing with a localized department that will impact few to no people if things go wrong, he's dealing with the FED, and gambling the whole fucking house in a game of cat and mouse trade wars.

Don't listen to the reddit tier replies. We need to get rid of powell so. We can lower interest rates so the market can pump. Then the economy will collapse but you will get one last giga bull once they're cut.

WE NEED TO END THE FED
CUT THE HEAD FROM THE SNAKE
THROW IT TO THE DIRE WOLVES

Trump's not pushing for this thinking about America's well being, but rather because he wants control

SOURCE?????

The unexplainable Trevor Milton Nikola pardon.

In a normal, healthy democracy power is divided between legislative (Congress in the US/house of representatives in the EU, they make the laws), executive (president in the US/king or prime minister in the EU) and judicial branches (cops, judges).

In theory all 3 fight for power and keep each other balanced. In practice all 3 are infested by clans who try to cockblock everyone else at all times.

Add a few Russian or Chinese spies to the mix, maybe a handful of tech billionaires, a bunch of NY real estate mobsters and some union dust and you get a complete dysfunctional mess.

That's not a peer-reviewed source. If you have no peer-reviewed SOURCE???? then it's just your opinion, orang banci.

if he gets his way there is going to be no nonpartisian entity anymore, the president can just fire everyone
why don't republicans think about this in advance, you know you have to share the space with an eventual democrat president who also gains these powers, so testing the boundries will open all sorts of future problems

Financially speaking, what sort of a legacy would this result in?

trump has to refi his own debt.. all of his loans are 4% plus

But realistically wouldn't the effects just be that the markets would pump and it would cause some small inflation that wouldn't be that bad because most of the covid inflation was because of the stimmys

Democrats never do anything in the name of civility politics.

its not a big deal, biz is full of drama queens

Where's the checks and balances? How is a sitting president just allowed to overreach like this? Isn't the entire point of having an independent agency so it doesn't fold to political pressure?

Also doesn't tariffs fall under the purview of Congress specifically because the founding fathers didn't want one man to unilaterally be able to raise taxes?

archive.is/Mi5DZ
You're in for more authoritarian tier threats to free speech this administration, he's already got after political dissidents and law firms that insulted him. So much for free speech.
Also egg prices are high again thanks to tariffs kek
newrepublic.com/post/193862/eggs-prices-record-high even with lower demand kek.

I think we don't even begin to understand how big this all is.
First term was a bit nothingburgery but news was starting to go to shit and the cult was forming.
The election steal lie was next level shit, and pandemic misinfo was getting absurd.
But now it's off the rails, the are no checks, his entire party is in lockstep, the entire media, the dems are fucking around. Most people are checked out, and there are just so many scandals per second that nothing can keep up. There is a career ending thing happening every single day, but it's top the very next day and have no choice but to move on.
They found the glitch in the system

>white christian in charge of America

This never happened

and gambling the whole fucking house in a game of cat and mouse trade wars.

I bet this is a lot of fun, desu.

I could only imagine the reason why he would consent to this is because he knows talk is a waste of time at this juncture. Identity politics, demographics, overall competency and we have highly advanced tech that can destroy humanity, outright cause an extinction event. Majority of civilized countries have outright suicidal policies and the ones that don't are still tied to the troubles with the ones that do due to proximity, material dependence, etc.

It makes sense for one man to have as much power as possible because that man can trust himself. Similarly, you'd want people who will work with you easily to make your vision a reality because they have the same if not a very similar vision. Heaven forbid Americans work as a team and aren't atomized! But it's really a sign of the times overall. Humans are the ones getting in the way of humanities' survival. Who can lead and love man enough to guarantee one more day of freedom and to offer forgiveness?

We're all going to die anyway. The least I could live through is watching truth win out in the end and see the insanity of the final moments of a fiat currency. How was everything supposed to collapse? Really, what was supposed to happen in the next 20 years if the system just chugged along?

Instead of doing that, just change the laws that separate the Treasury and the central bank.

He wants to get rid of the national debt.

Why, though? It's a fundamental misunderstanding of what the national debt is. If the issue is the interest -- that is actually something that can be changed by Congress. Now they are owned by the banks, so they won't do it, but there's no accounting law that requires bonds to be sold to banks or even sold in the first place. That's a legal mechanism, ostensibly done to force "responsible spending", but it also conveniently gives consistent returns for the already wealthy.

But the debt is just a record of money spent into the economy by the government that it has not removed through taxation. It has to run a deficit so the private sector can accumulate a surplus. You could also run a trade surplus to avoid this, but we don't.

Astroturfing FUD is from Europe, China...? Where are all these knuckle-dragging butthurt cucks coming from?

Keep cry, cry, crying like the classic American country song most famously performed by Johnny Cash.