Posted on 04/10/2024 3:03:21 PM PDT by packagingguy
Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes.
“Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor @NYUStern and received his PhD in Economics from @DukeU, helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.
Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”
(Excerpt) Read more at twitter.com ...
At this point nothing can stop inflation.
The Federal Debt rises by $1 Trillion every 100 days.
Payments on the debt is more than military spending and more than welfare and more than Medicare.
If the Petrodollar ends as China and OPEC are working to achieve the end will come swiftly.
End the Fed and get rid of fiat currency. Put silver back in the coins and start issuing silver certificates again.
Is there supposed to be sound on this video? There’s no sound for this on my iPhone nor iPad.
I live in Alabama and frequent the Interstates. I follow the trucking industry. It is in terrible shape. Trucking companies going out of business.
The country is NOT in good economic shape. The trucking industry says it is in bad shape.
Beyond $35/bbl MAGA oil and a pro business MAGA administration and/or a recession nothing else will be stopping inflation.
We’re $200,000,000,000,000 in debt and unfunded obligations and no reasonable replacement to the USD even exists.
The Euro barely left a dent even though it was designed to take out the USD.
It will take Asia, EU and the BRICS cooperating, something not happening.
The southeast US is creating more GDP than the northeast for the first time in the history of the nation.
They re-opened first off the pandemic, being right to work states= saw their unemployment rates drop first and for the most part blue America is still chasing.
I couldn’t hear it but I was at a computer without speakers when I posted. Maybe they didn’t get the sound.
The Founders would hate the Federal Reserve.
Trump thought that his appointments would instill at least some loyalty. But these career political bureaucrats are not like people in the private sector. They know they can’t be easily fired. Once appointed, they do whatever they want. We’ve seen this on the Supreme Court forever.
That’s why we have to reach beyond the positive law to get justice sometimes.
Andrew Jackson killed the Bank, President Trump needs to audit the Fed, and send it on the way to hell.
Unless we cut spending - a lot - it will take more than raising interest rates. Do we raise the rates to 20%?
I think we are beyond the Pale. The Fed can't raise the interest rates more than a tiny amount - because our debt becomes even more unmanageable. I know the published inflation rates are cooked (ignoring energy, food, and anything that matters) and they don't project the real numbers...
I don't know the fix. Yes, the interest rates 'should' be raised, but they can't raise it too much. And, of course, since the Fed wants Biden to be re-elected they'll probably cut the rates - and publish new phony inflation numbers to give them a fig leaf cover. Even if President Trump wins the Presidential election (he'd win an honest election - but that ship has long sailed), I don't know how he fixes it. We've gotten away with the Dollar being the World's currency, but if that changes (with BRICs, or some other exchange medium) - its Weimar Republic time.
Gonna be real fun how they pay the interest on the debt but we have to pretend that doesn’t exist /Reality
Since you didn’t watch the video. Yes, he is Trump’s guy. Powell doesn’t like Trump. Trump was trying to figure out how to fire him.
Thanks!
bkmk
They only control the short end of the yield curve.
The bond market controls long term rates.
The reality is if the economy was all smoke and mirrors the long bonds would’ve sold off and rates would be higher.
Instead people, the majority being US citizens and SSA are lending the govt their money for 30yrs at 4.5% APR.
One thing for sure-
the world is ending crowd would be shorting US bonds if they had an iota of conviction in their opinion.
Instead no shortage of buyers exist despite i9nsane debt, interest payments and dollar death 98,732.
The winner at the dog show is still a dog.
The Federal Reserve is a private banking consortium (or cartel). It's no more "Federal" than Federal Express.
A free market would help to contain this largess, we don't have that. If Trump wins, we will have the continuation of massive government spending and 'lower' interest rates which will create even more debt. There is no going back, the past has destroyed the future.
You spelled “ruining” wrong.
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