Posted on 09/13/2016 8:32:34 AM PDT by entropy12
GOP presidential nominee Donald Trump told CNBC on Monday the Federal Reserve is doing what President Barack Obama wants by keeping interest rates low.
Fed Chair Janet Yellen and central bank policymakers are very political, and Yellen should be “ashamed” of what she’s doing to the country, Trump said, adding the Fed is not even close to being independent.
By keeping interest rates low, the Fed has created a “false stock market,” Trump argued in a wide-ranging interview in which he also talked about Democratic nominee Hillary Clinton’s health problems .
Trump said rates are being kept lower to bolster Obama’s legacy. “Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let the new guy … raise interest rates … and watch what happens in the stock market.”
(Excerpt) Read more at finance.yahoo.com ...
Obama keeps Yellen in a Duffle Bag and only lets her out to read a statement
I like his self-confidence. :)
I love Trump because he’s the ONLY candidate on either side willing to at least talk about the statist, unconstitutional, soviet-central-planning, progressive mess that is the Federal Reserve.
Unwinding this will be hard to do without there being lasting damage.
Bernanke & Yellen are liberals from East coast academia.
We can’t expect anything conservative from them.
The stock market crash is unavoidable. It can be postponed with low interest rates, but it can not be cancelled.
Keep in mind, interest rates were low during the 1930’s, and stocks were also very low.
This is another window that Trump is drawing the curtain back, pay attention, we might find out where ‘our’ money, stocks and bonds and gold bars are really going...
It will take a few days or weeks, but the curtains have been opened since he started this election...watch, you will find out...
Let it crash. It needs to.
Trump seems to be very aware of how it works.
This argument is the main reason I’m supporting Donald Trump and I’m so happy Mr. Trump is raising the issue since the criminals in power have been mum on this up to now. The arrogance of the central planners who have inflicted this terribly punitive policy on savers, the elderly and retired, and good hardworking American citizens in general. Never in my lifetime has the government so broken faith with the people and so broken with traditional policy to deny us a little bit of interest income on our savings. I will never vote for another thieving, scheming Democrat again. Prayers offered up to Almighty God to protect us from government thieves.
The stock market crash is unavoidable. It can be postponed with low interest rates, but it can not be cancelled.
...
That depends. Just about every stock market crash in modern times has followed the Fed inverting the yield curve. If they can raise rates without going so far as to invert the curve a “crash” can be avoided.
In 200 year history of stock market, crashes have occurred regularly to correct excesses. Like I said, crash can be postponed but impossible to change laws of economics or physics.
I think it is their core belief in Keynesian economics.
Also note that the longer they try to postpone the inevitable correction of excesses built up, the more violent the crash will be.
Anecdotal example...I just sold our condo in WA state, and the buyer is getting an FHA insured loan with 3.5% down, and paid top price for the condo. If that is not excessive leverage, I don’t know what is. If interest rates go up or the buyer loses his job, who gets caught holding the bag?
Only a candidate like Trump, who is not a career politician depending on his ultra-rich donors can dare expose the FED and actually do something about it. Others are just all talk and no action.
No no Trump is wrong! Just ask boy genius Mark Cuban who fancies himself an expert on everything because he got lucky in the stock market in the 90’s.
/sarc off
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