Posted on 09/30/2016 2:04:18 PM PDT by kiryandil
Revelations that Federal Reserve Gov. Lael Brainard donated to Hillary Clinton's presidential campaign has created a tough situation for the central bank, at a time when Donald Trump has been accusing the Fed of making policy based on political bias.
A day after Fed Chair Janet Yellen found herself in the hot seat on Capitol Hill over the Brainard donation, Kansas City Fed President Esther George danced around the issue on Thursday in a CNBC interview.
(Excerpt) Read more at msn.com ...
sung to the tune of "It's beginning to look a lot like Christmas..."
Argh!!! I knew it but it still infuriates me.
This is why Fox hates Trump.
Dems hate Trump.
The Repubs that WE HATE hate Trump.
Time to start thinking about a replacement for the Federal Reserve and updated monetary system.
The Fed is a Progressive relic from over a century ago - that super-intelligent central planners can guide society towards inevitable better ends. The apotheosis of this idea was the Soviet Union itself, and look how that turned out.
In fact, the Fed is politicized, ideologically blinkered in their own self-estimation, and have painted themselves into a corner - and the destruction of their primacy.
We didn’t get here overnight, folks.
This stuff started about 170 years ago. Long before the Federal Reserve Act.
The crony gravy train is long. It has many, many cars of many, many stripes.
Here Ya go! And she was nominated by Obola.
Early life and education
Brainard grew up as an American expatriate in Communist Poland and Germany before the fall of the Berlin Wall. She is an alumna of the George School class of 1979, a boarding school in Newtown, Bucks County, Pennsylvania. Brainard received masters and doctoral degrees in economics from Harvard University, where she was a National Science Foundation Fellow. She graduated with highest honors from Wesleyan University with a degree from the College of Social Studies. She is the recipient of a White House Fellowship and a Council on Foreign Relations International Affairs Fellowship, a Marshall Scholar elect, and a member of the Wesleyan University Board of Trustees, Council on Foreign Relations, and Aspen Strategy Group.
A degee from the College of Social Studies? In what, underwater basket weaving?
THE ONLY REASON the stockmarket didn’t go into the toilet is because the Feds were “printing money” (changing the digits and adding it to Hedgefunds) to support it. Making everyone think everything was ok because the stock market kept “going up” ... pull the fed’s contribution out of it, and it would have tanked 7 years ago. Which means it is still going to tank and big time when the infusion of money stops. It is a total house of digital cards. Brace yourself.
Yes. Nicholas Biddle vs. Andrew Jackson. Yet another parallel with today.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.