Phantasmal (09-13-2016)
Members banned from this thread: BRUTALITOPS, USFREEDOM911, Truth Detector, canceled.2021.1, canceled.2021.2, MAGA MAN, canceled.2021.3, CFM, Seahawk and Face, Your |
After months of surprising restraint, Donald Trump has finally started spewing conspiracy theories about the Federal Reserve. During an interview with CNBC on Monday morning, the Republican presidential nominee suggested that Fed Chair Janet Yellen is keeping interest rates low in order to pump up a “false” stock market during President Obama's final months in office.
“She’s obviously political,” he said. “She’s doing what Obama wants her to do. And I know that’s not supposed to be the way it is. But that’s why it’s low. Because as soon as they [interest rates] go up, the stock market is going to go way down.” For good measure, he added that Yellen “should be ashamed of herself.”
“They want to keep the market up so Obama goes out and let the new guy—whoever that new, let’s call it the new guy, because I like the sound of that much better—so the new person who becomes president, let him raise interest rates, or let her raise interest rates, and watch what happens to the stock market when that happens, OK,” Trump said.
He later added that interest rates wouldn't go up much in the next few months because Obama “wants to go out, he wants to play golf for the rest of his life, and he doesn’t care what’s going to happen after January.”
So Janet Yellen isn't raising interest rates because Barack Obama wants to play golf. Right
http://www.slate.com/blogs/moneybox/...ent_obama.html
“What greater gift than the love of a cat.”
― Charles Dickens
Phantasmal (09-13-2016)
Yelled should be raising rates. What Trump was essentially saying is Obama loves that rates are staying low because the impact of increases will be felt once he leaves office.
Obama controls Yellen. Illary's body double must continue her campaign now that Illary has ridden her broom into oblivion.
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
Oh, the quagmires!
That's progress and progressives for ya. They 'GIVE' the power of the purse to the big banks to control in a most unconstitutional manner.... assuming the big banks will be indebted to progressive politics. History actual teaches us that every....EVERY problem that faced by the United States of America has its roots in social progressive politics.
Facts don't lie. A short history of the FED. 1. The invention of IVY LEAGUE LIBERALS in 1913 2. Passed into law by a liberal congress 3. evolving more and more power supposedly to control the economy from a central banking system...something most LIBERALS blame conservatives because the majority of liberals are ignorant kool aid drinking sheep..the reason given was to stop things like the GREAT DEPRESSION it caused in the 30s. The progressive answer? GIVE THE FED MORE POWER.
Now....today, up is down, white is black, north is south and LEFT IS ALWAYS RIGHT....the FED was an invention of greedy REPUBLICANS. LAMO
so... i dunno. I cant see them raising the rate because one of our main problems right now is high cc and student debt. Raising interest rates almost always raises the rate on variable rate products (i.e. most credit cards) and that kills consumer spending.
On the other hand.... well when i was growing up my parents constantly told me about the value of banks, time deposits and other products that would help my wealth grow. They even gave me some money i couldnt touch and only put in a time deposit to watch it grow. Right now thats bull crap and using the banks is one of the worst things you can do. I feel for the older generation who are used to getting extra income from banks.
BTW were moving towards negative rates.... a system like in singapore where the bank charges you interest to keep money with them!
Last edited by cawacko; 09-14-2016 at 07:02 AM.
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
If the president appoints you, that's political.
Of course Yellen is following orders.
How many years have everyone including BO said it's unsustainable to do what they continue to do ?
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
Bookmarks