Posted on 09/14/2016 8:35:25 AM PDT by Sean_Anthony
Logic dictates Trump may have a point about the Fed making decisions based on political imperatives
The current stock market downturn appears timed to help the Democrat Party by scaring investors into rejecting Donald Trump on the grounds he’d trigger a crash if the Republicans win the White House in November.
The Dow Jones fell again Tuesday this time over 250 points due in part, to fears of a rate hike at the Fed policy meeting next week. These market jitters may well have been calculated for effect, and engineered by Federal Reserve Chair Janet Yellen in a bid to save her job from Trump who has vowed to get rid of her if he’s elected.
a ‘crash’ by rule would required the DOW to drop over 10% (1800 points) during one trading session.
I’ll give you a heads up. :)
The Federal Reserve’s actions need to be determined by law.
We have lectured China on the importance of the rule of law.
I would suggest:
The Federal Reserve may buy
1. US government debt
a. when household unemployment is above 6%, but no more than $1 billion/month per 1/5th percentage unemployment above that 6%, less 2% per month of purchasing in the past ten years
[at 12% unemployment, it could initially buy $30 billion of debt a month, but after 50 months of buying, it could buy none]
b. at (3% plus the last official inflation rate>0) at 10-year US bond auctions
c. at (2% plus the last official inflation rate>0) at shorter term auctions
2. full faith & credit state issued debt of any state which run balanced/surplus fiscal years for the previous five
a. at (3.5% plus the last official inflation rate>0) at 10-year state bond auctions
c. at (2.5% plus the last official inflation rate>0) at shorter term state bond auctions
for refinancing [to prevent defaults], and for new debt of those whose total pension deficits state-wide under state law do not exceed $2,000 per state resident based on the last federal census used to apportion Congressional seats
3. no other debt
“the fed overheats the economy every election cycle”
This hurts lots of people, on my street:
1. Jacquie will have to work every hour she can get until age 75 to pay off her mortgage
2. Lem had to sell out because he bought out his divorced wife at the top of the last boom (he got a good price though) and now lives in an RV elsewhere
3. Bob and Amy can’t afford to buy (Bob could have bought, but he kept on trying to get a bargain price too long)
“FairTax: America’s economic cure”
We need to stop playing fiscal games.
The fact is that the USA is still running massive deficits.
Income tax rates on people earning more than $50,000/year need to be raised.
Haircut taxes of 100% of incomes above high random annually-set amounts ranging upwards of $250,000/year/person need to be imposed and collected.
[The annual random amount might be the last eight-digit dollar amount of say federal income tax payments processed by a certain date annually.]
[Another possibility is lottery balls labeled with dollar amounts. The higher the unemployment rate, the more balls drawn, with the highest dollar amount used.]
Capital gains preferences need to be eliminated.
The mortgage interest deduction needs to go.
The regulations need to get cut down to proper size.
Zoning needs to be limited to usage and enclosed square feet/acre caps.
We need protective tariffs.
We need to make things domestically in all cases where it would not cause consumer inflation.
I absolutely believe it was George Soros who withdrew 2 billion from the Dow Jones in the fall of 2008, prompting McCain to rush back to DC while Obama coolly said ‘they can call me if they need me’. That was a turning point in the 2008 election. All manipulated to help Obama.
I said that just the other day on another thread. They’ll try to crash it to harm a Trump administration.
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