The Federal Reserve is manipulating the markets.
Their short term rates are much higher than what the market would charge.
Fun way to start Monday. Nicely done. Call out these private bankers.
I wonder is an executive order re-naming them Private Bankers Who Have No Government Authority would work? Private Bankers Who Enrich only themselves and their interests.
Maybe he could name them and their countries of origin.
Bad mouthing, err, telling the truth, err, outing the Federal Reserve by a sitting US President has brought deadly consequences to some who came before Trump. History shows the world’s money changers do take their critics, especially a sitting President, very seriously!
Shut it down.
Inflation is low and economic growth is strong. You don’t need ultra-cheap money during a period of strong economic growth. Plus, low interest rates punish savers (of which I am one). The Fed is doing just fine after 15+ years of irresponsibly low interest rates. We need to let the dollar strengthen in order to improve real wages in this country.
The Fed Reserve sets interest rates. Who gets the interest from those rates? After the banks, what’s left over goes to the private corporation called Federal Reserve, instead of reducing the national debt with it.
What is kind of sad though. The bank is borrowing my money and only paying me about 10 cents per thousand per year. Then they loan it for much more.