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Thread: Trump Says Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf

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    Default Trump Says Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf

    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


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    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.

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    Quote Originally Posted by cawacko View Post
    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.
    Trump is so ignorant that he's oblivious to the fact that the White House isn’t responsible for interest rates, the Federal Reserve is.


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    Obama controls Yellen. Illary's body double must continue her campaign now that Illary has ridden her broom into oblivion.

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    Quote Originally Posted by christiefan915 View Post
    Trump is so ignorant that he's oblivious to the fact that the White House isn’t responsible for interest rates, the Federal Reserve is.
    Clearly he's aware of that. He's saying Yellen is keeping them low because that's what Obama wants.

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    Quote Originally Posted by cawacko View Post
    Clearly he's aware of that. He's saying Yellen is keeping them low because that's what Obama wants.
    Obama is superior to Yellen in the Illuminati, isn't he?

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    Quote Originally Posted by cawacko View Post
    Clearly he's aware of that. He's saying Yellen is keeping them low because that's what Obama wants.
    So I guess when he is prez he wants the head of the Fed not to do what he wants.lol
    "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."



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    Oh, the quagmires!

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    Default Trump Says Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf

    Quote Originally Posted by cawacko View Post
    Clearly he's aware of that. He's saying Yellen is keeping them low because that's what Obama wants.
    The market dropped in the last few days over concerns that interest rates are about to rise.

    Sent from my Lenovo K50-t5 using Tapatalk

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    Default Trump Says Yellen Is Keeping Interest Rates Low So President Obama Can Play Golf

    Quote Originally Posted by cawacko View Post
    Clearly he's aware of that. He's saying Yellen is keeping them low because that's what Obama wants.
    Do you think the Fed is truly independent, it is supposed to be but who knows what goes on behind closed doors?

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    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

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    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!
    is on twitter @realtsuke

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    Quote Originally Posted by Bill View Post
    So I guess when he is prez he wants the head of the Fed not to do what he wants.lol
    The Fed is suppose to be an independent agency right? It shouldn't matter what the President wants.

    Edit: But to your point yes, no matter what one says as a candidate they will want those same people/institutions to favor them while as President.
    Last edited by cawacko; 09-14-2016 at 07:02 AM.

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    Quote Originally Posted by Ralph View Post
    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
    What do you propose to replace it?
    "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."



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    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.

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