I think this is good considering. If this continues the house will flip. He’s right about having to hurt for a while. It will be worth it in 2026.
Trump has talked to former Fed Gov. Kevin Warsh about firing Powell, report says Trump trying to find a way to fire the Fed chief he appointed and replace with another incompetent buffoon..
To be fair to Warsh, he apparently told Trump not to do that. Somebody would have to be pretty incompetent to walk into the Fed job after independence had been pierced (enjoy the blame for the imminent economic collapse that would follow). Not sure Warsh is that level of incompetent, at least.
I read it as he asked the former Fed chair for advice on how to fire the current chair, not that Trump was necessarily offering him the job, although the way that paragraph is worded I can see it meaning either. But that is a good point. If this does go down, we can be assured that the replacement will be an absolute disaster as no one qualified would take the job.
92% of Trump’s 2018 Tariffs went to farmer bailouts. What do you think will happen with these new massive tariffs? 92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers
If he is allowed to fire JPow, that will destroy the markets and the dollar is done as a world currency. Our country will go bankrupt and we will have hyper inflation. Example, see what recently has occured in Turkey with a corrupt leader who has no economic sense. I listen to a lot of conservative radio shows while driving, guest are starting to question dear leaders tariff plan and other decisions. Hopefully more folks will speak up before it is to late.
This is why I laughed at all the retired military participating in the attempted Jan 6th events. I guess they thought after overthrowing the U.S. govt their pensions would still be good? LOL. That always seemed crazy to me. I guess Biden bought them 4 more years. Wonder how crazy those guys get when they find out their pensions are -0-?
Did some lose their pensions? If so, were they married? Is it right for the spouse to lose their income because of here husbands actions?
That is not what I meant. I’m not aware of anyone retired military losing their pension as a result of 1/6 crimes. My point was more that if you overthrow a govt and collapse the economy, there are no pensions. There is a decent chance a political takeover of the central bank causes such a cataclysm. This is Hugo Chavez type stuff. Really, no account would be safe under that scenario. Project 25 wants to abolish the FDIC. Think about how crazy that is. Even savings accounts could hypothetically be vulnerable to bank runs. Just like when America was “great” before the Great Depression.
Violent criminal actions have consequences, right? Oh wait - according to Trump, they were abused hostages deserving of a pardon. According to the Republican Party criminal organization, they were just tourists. Please forgive me if I fail to weep for participants in the most un-American crime in modern American political history. A crime which was part of an obvious criminal conspiracy by Donald Trump.
people have no understanding of things like this. wish you could bundle this up with real numbers so it could be shared
Czar Trump is visibly incompetent and not even MAGA can run from it. Tanking the stock market Destroying the dollar Blew up the bond market Driving up inflation Layoffs are just around the corner Eroded trust in American leadership Poisoned 80 years of alliances with Europe and SE Asia Caused countries like Canada and Europe to issue a travel warning (like you would expect to be issued to countries like Iran, Russia, or North Korea). Breaking trust in the judicial system Broke trade agreements he made Attacking education and universities Threatening to send citizens, not just illegal immigrants, to a foreign gulag Ignoring the Supreme Court He has turned America from being the good guys, the largest economic power in history, to a country that other countries no longer can trust, all at the expense of the American people, all of us, not just MAGA. To continue with his ignorance and stupidity on economic policy Donnie the Dunce now attacks the central bank and Powell, begging him to cut rates in the face of strong inflationary pressures which he created with his misguided policies on tariffs that have no rhyme or reason. He is truly ignorant to monetary and economic policies. He can’t comprehend the fact that the central bank needs to be independent of politics. It’s now easy to see how he bankrupted a casino, a steak company, a university, and his own business. Economically ignorant with unwarranted false bravado. All this winning stupidity is on display for the world to see.
Already hitting my house personally…. My wife buys kickstarter board games and has a lot of them on preorder…. She’s getting notices that they won’t deliver to the US under the current tarriffs AND won’t refund her….
Oh great...Kid Rock will be the new fed chair or will it be Ted Nugent? You can laugh all you want but those two are possibilities.
