US President Donald Trump shakes hands with Jerome Powell, his nominee for Federal Reserve Chairman. (AFP Photo/SAUL LOEB)
Posted on 10/17/2018 6:11:28 AM PDT by Liz
Washington (AFP) - President Trump reignited his controversial criticism of the central bank Tuesday, calling the Federal Reserve his "biggest threat." Trump followed up previous strong attacks on the Fed by complaining that interest rates are rising too quickly. "My biggest threat is the Fed, because the Fed is raising rates too fast," he told Fox Business television. Trump acknowledged that the central bank is independent, "so I don't speak to them." He then leveled direct criticism at Fed Chairman Jerome Powell, who he said should be slower on interest rate rises."It's going too fast, because you look at the last inflation numbers -- they're very low," he said.
Trump appointed Powell but told Fox, "maybe it's right, maybe it's wrong." The Fed has raised interest rates three times this year as it seeks to prevent a vibrant economy from overheating. US presidents usually remain silent on such issues in respect toward the Fed's independence. Trump has previously called Fed policies "crazy."
(Excerpt) Read more at yahoo.com ...
US President Donald Trump shakes hands with Jerome Powell, his nominee for Federal Reserve Chairman. (AFP Photo/SAUL LOEB)
"Mr President, you are now in complete control of the US Treasury."
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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
Federal Reserve needs competition. Just order the Treasury to print US Notes.
Thoses Fed interest rates will drop like a rock.
Have BOTH the Federal Reserve AND the Treasury to issue paper money. Then let the people choose the best.
“Bad money drives out good.” — Gresham’s Law
When I go to my rural Walmart, or to the street festivals in my rural, right-wing town or to the park or to the shopping mall a few towns over I make sure to bring my gun and some reloads. I have plans to protect my family and deploy resources in case of attack.
I’m not worried about federal reserve bankers jumping out of their cars and opening fire on me and my neighbors because of how we vote.
Ever see “The Fisher King” ? Much like in that movie there are celebrities, politicians and influencers now actively talking about attacking and killing me and people like me.
I’m sorry Mr President.. We need to talk about what the threat really is.
Not as many people are calling me paranoid as used to. Now this threat of being attacked and possibly shot comes from any of the 50% (Or so it’s claimed) percent of the populace who is logging into the leftist websites, getting the dog-whistle cues from social media and thinking that the leftist candidates are talking directly to them when they say “We need to take over America”
The federal reserve needs the US Treasury to play ball if the Fed has any power over us. And the US Treasury is more than happy to play ball, as Ron Paul showed us how to do. Our government ancestors helped create the federal reserve with many safeties built in. Safeties that simply aren’t being used.
The founders also built in certain safeties to protect us from the domestic aggressors that I pointed out earlier. The second amendment allows us to be armed and ratifies the Constitutional clause that gives Congress the power to call us to muster to fight such domestic enemies. Congress refuses to use this, and they refuse to regulate (Remember: Regulate actually means to “keep in good working condition”) us - which is their constitutional duty.
All of these problems are solved by doing exactly what the founders told us to do “in case of emergency”. Arm the populace. Put someone at the Treasury who understands how the Fed works and protect those people against retaliation.
The constitution is the answer to all of these problems, Mr. President. Please use them and please use us.
so what's the worst that could happen if The Fed never raised interest rates? I never understood all this fear of a vibrant economy.
The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. .......
So who then are the stockholders in these money center banks? This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.
One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley.
J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.
CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York.
Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century. Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others.
MORE AT https://www.linkedin.com/pulse/federal-reserve-cartel-eight-families-max-kofoed
The reason for raising the rates is to keep those inflation numbers very low.
In the current climate the Fed is acting to slow the economy to Obama levels of 0 or -. The Fed plays with money. The street economy plays with jobs and industry. When the Fed slows jobs and industry it is doing the average
American no favors.
Sure.
The Fed is a Globalist cabal of evildoers.
so what’s the worst that could happen if The Fed never raised interest rates? I never understood all this fear of a vibrant economy.
...
It’s a scam. They want you to believe that a growing economy, and in particular, that rising wages cause inflation. And it works. Most people believe that.
Did a growing economy cause the inflation in Venezuela? How about Zimbabwe? Or going further back, the Weimar Republic?
Federal Reserve needs competition. Just order the Treasury to print US Notes.
...
With Trump as president he may actually use the Treasury to counteract the Federal Reserve’s malfeasance.
But what bothers me is he may be more concerned about the Fed causing a recession that would hurt his reelection.
Trump should be saying that interest rates should be determined by the markets, not manipulation by the Fed.
“Bad money drives out good.” — Gresham’s Law
...
Is that like guns shooting people?
I think the entire global economy is manipulated so that most people work as wage slaves. In a free and open system, there would be far less debt and people would approach their lives very differently.
I’m not saying everyone would own a beach house in Malibu, but people today live in fear about “what might happen”. I think that fear is based on the overwhelming importance of debt in the economy. And I think that reliance on debt is mostly manufactured as a tool of control.
it is the tool that globalists used to install their mechanisms for controlling the medium of exchange...
THE FED, is NOT in any way a part of our elected government constitutionally but an international global currency control system, which governs nations financially... through interest on fiat (fake) money that they print up in their own “garages”
They print their fake paper and then they loan that paper as debt with interest to nations, which is then used to control those nations for the globalist/anti-nationalist view of reality. They are an evil ‘one world’ organism that generates illegal debt paper... the US has the right to print money... not the federal reserve. It is NOT federal.
Trump is right.
it was once said “give us control of the money supply to loan and print money... and we care not who writes the laws... we will have them by the short hairs.” or something similar.
THAT needs to end.
The reason for raising the rates is to keep those inflation numbers very low.”””
When Jimmah Carter was in office, the PRIME RATE was OVER 21%. I don’t remember inflation being low. I only remember a stagnant economy—people being UNABLE to buy houses & having to buy gas every other day because of his policies.
I also remember the downfall of the Shah if Iran and the failed ‘attempt’ to rescue the Americans held hostage by Iran. Those hostages spent 444 days (IIRC) in Iran, until Reagan got them released within days of his Presidency.
The bombing of military facilities also happened under Carter.
YUP-—the ridiculous prime rate sure was wonderful.........
Additionally, every banker should be required to read it.
Nixon and Carter had two of the most incompetent Fed Chairs in history in Burns and Miller. Inflation took off under Nixon and continued under Ford and Carter because the FOMC sent mixed messages to the business community and nobody was sure what the Fed was trying to do. Paul Volker was a much stronger Fed chair and the proof is in the fact that inflation averaged 7.4% per year the ten years before Volker became Fed Chair and has averaged 2.9% per year the ten years after Volker's term ended.
The way to keep inflation low is to keep the economy growing, not manipulating interest rates.
But instead, the Fed raises rates too high and inverts the yield curve, causing recessions just like clockwork.
The inflation we’re seeing now is because of the massive fortune that was used by the Fed to prop up the Obama economy, not current economic growth.
The Fed is also causing the deficit to explode because of the higher interest we have to pay on that massive fortune.
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