Posted on 12/20/2018 9:00:33 AM PST by bitt
Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, he would get re-elected in 2020!
The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year. The Dow immediately dropped 720 points in 10 minutes. The DOW was down at one point by 894 points!
The Fed is clearly a political machine not working in the interest of President Trump or the American people.
As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come while watching their 401k’s dissolve into thin air.
The Dow Jones dropped 3,500 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
(Excerpt) Read more at thegatewaypundit.com ...
Nonsense.
Not defending the fed but the hyperbole is a bit over the top.
The fed already destroyed this nation at least once!
https://www.wnd.com/2008/03/59405/
Fed chairman admits the FED caused the great depression!!!
They have to go a long way to regain my trust. Destroy the FED now!!
... and you rely upon continued wage suppression to support your argument that there can never be a threat of inflation, while wanting wages to rise.
Your argument is circular.
No it’s not. Rising wages will not increase the inflation rate because wages have been beaten down for decades and it will take decades for them to reach parity with economic growth and productivity. Unlike you it seems, and like Pres Trump, I want property for American workers, the ones you look down on, the ones with dirt under their fingernails. Lowering interest rates will spur economic growth, raise wages and inflation will not be affected.
Why? What drives them down to that level and why shouldn't they remain there?
Phfft. Believe what you want, you’re clearly content remaining deluded. The happy days you’re recalling involved interest rates in the 6 to 7% range and you’re running around with your hair on fire over less than half that.
As I’m sure you’ll agree, Zero Hedge has no credibility. They’ve been been predicting a huge market decline, since like forever. Every day it’s a variation of: “Look at this chart! Alarm bells! Buy gold!”
And sometimes they’ll throw in an antisemitic comment or two, just for fun.
I don’t understand how the Dow is representative of the Trump Economy. Just because a bunch of crazy people (Wall Street idiots) get cold feet and sabotage themselves is not really my problem. I’ll be happy to receive higher interest on my savings. The Dow is not the economy! In 2007 my savings account was accruing a nice tidy 6%! I’d like to see that return.
It’s not...
In the News/Activism forum, on a thread titled In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy – Dow Lost Over $4 Trillion in Val, backwoods-engineer wrote:
The Deep State ALWAYS WINS. We were always on borrowed time. 2 years was all Trump and we were going to get.
In the News/Activism forum, on a thread titled In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy – Dow Lost Over $4 Trillion in Val, DarthVader wrote:
Go soak your head. It’s not over yet by a longshot.
Face it Darth; the dark side always wins in the end, too much power the dark side has.
2020 IS LOST, THE DEEP STATE HAS WON MORE THAN THEY THOUGHT POSSIBLE!!! IN THE END TRUMP IS THE BEST THING EVER TO HAPPEN FOR THE DEEP STATE!!!!
The root problem is “We the People”...
Not really. The FED is a deep state bank/scam that was put into operation by robber barons at Jekyll Island. The FED is not Federal, it is not part of the government but we are allowed to put a figurehead that has no power. The reserves are questionable and the whole scam is run by world bankers. Crooked politicians jack up the debt to keep the fed in business.
Who won World War 2?
Go soak your head too!
However, the shenanigans at Facebook and other large tech firms also have something to do with this.
Wait until you see what Powell does next year. His projected 2 rate hikes will be double of what the last rate was.
The money will return to the market, stay the course, steady as she goes.
Yep: permanent, independent, global vampire.
Our population is growing slowly and is aging rapidly. In fact, we need more immigration, but that is a topic for another day. Look at Japan. Their population is declining so their economy is stagnating. Even with their interest rates at 0%.
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