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When they got to the part about Trump asking (which Hume described as “unprecedented”) his aides if he could fire the Fed Reserve chairman, I turned it off. How is it unprecedented? Is the Fed Reserve controlled by NO ONE? I don’t think there should be ANY unelected position in government that is not controlled by an elected official. NONE. Even a Supreme Court Judge can be impeached.

So finally we have arrived at that point in time where the Stock market and our 401K/IRA plans are getting a beating.

The current Fed Chair is doing the correct things.

1. Raising interest rates to something approaching normal (4~6%). This will eliminate NON-Economic use of money - no more share buybacks.

2. removing QE money - the release of this money by the Obama Fed is what created the bull market and all of its excesses. The Piper WILL be payed

3. I for one will support Trump through the coming stock market collapse. We need a P/E of about 7~10 to return to a fairly valued market