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Posted on 06/07/2025 6:12:05 AM PDT by delta7
“If “Too Late” at the Fed would CUT, we would greatly reduce interest rates, long and short, on debt that is coming due. Biden went mostly short term. There is virtually no inflation (anymore), but if it should come back, RAISE “RATE” TO COUNTER. Very Simple!!! He is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!”
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You are making POTUS point. Debt is coming due and artificially high interest rates, kept in place by a FED chair who is exhibiting politically driven agenda, is going to hurt America.
Your take on Trump’s successes may warm the cockles of your heart but it’s ridiculous. Trump’s success is a testament to his abilities. The very common practice of correctly using the bankruptcy laws as they were designed is not a black mark. A business is a seperate legal entity. The law is created that way to isolate personal risk from business risk.
All businesses leverage using debt. If they don’t they are not being fiscally responsible. Taking on debt and then growing the business is best business practice. Trump built his businesses legally and they are a testament to his abilities. Rather than being a corporate raider like Romney & squeezing the value out of vulnerable businesses then departing Trump built growing concerns that deliver value to the consumers, jobs and opportunities.
Who voted for them?
As Devil’s Advocate, the Fed see’s its task as the controller of inflation. One such control is to raise interest rates to curtail borrowing and reduce buying at increasing prices.
President Trump is attempting to persuade trading pardners to rescind practices in restraint of American trade. As a persuader, he has applied tariffs, and those across the board at 10% seem permanent. Those tariffs are inflationary.
Thus, at the very core, the fed and the President have irreconcilable differences.
Abolish the Fed!
Who voted for them?
————-
Without the Federal Reserve , there is no one to buy our undold debt instruments ( keep our government running).
This is nothing new, before the Federal Reserve, when our government went insolvent in 1893, JP Morgan and Rockefeller bailed out our insolvent government.
“ During the Panic of 1893, The Federal Treasury was nearly out of gold and there was no central bank in the States to support it, so it resulted in an economic crisis. But Morgan founded a banking syndicate and along with the Rothschild banking family of England, loaned over $65 million to the federal government….. An exact thing happened during the Panic of 1907, also called the 1907 Bankers’ Panic or Knickerbocker Crisis, when the New York Stock Exchange fell almost 50% from its peak from the previous year and led many banks and business into bankruptcy…. The case would have worsen and provoked downfall for the entire nation if Morgan didn’t invest his own money and convinced other New York bankers to do the same in order to save the banking system…. He saved the U.S. financial system twice but the federal government was already in a massive debt. In order to repay it, Morgan was permitted to spread his monopoly.
Ironic that our government overspent and became insolvent in the last century, the bankers bailed them out! ….then in the 2008 crisis, our government bailed out JP Morgan with $$$ billions.
It pays to study history.
1920-34 near 6% mortgage average1
1935-45 just under 4.5% mortgage average1
1960 - 5.1% mortgage average2
1971 - 7.3% mortgage average1
1980 - 13.7% mortgage average2
1981 - 16.6% to 18.45% mortgage average2
1990 - 10.1% mortgage average2
2000 - 8.1% mortgage average2
2010 - 4.7% mortgage average2
2020 - 3.1% mortgage average27.74% is the long term average3
sources:1Mortgage Rate History: Check Out These Charts from the Early 1900s
2Here's how much home prices have risen since 1950
3Kiplinger: The Magic Mortgage Rate Number to Tip the Housing Market
historic CPI Inflation calculator
If anyone wants cheap 3rd world goods I suggest they go ahead and leave for China.
The tariffs were not inflationary in the last Trump term. Your logic is a fig leaf for a very partisan player who did not seem to apply those concerns in Biden’s term.
James O’Keefe has just released a video during which a Principal Economist at the Fed states that Powell hates Trump & is trying to do as much damage to Trump as he can.
https://x.com/i/status/1778157381907513802
I keep seeing comments that a new fed chairman is about to be chosen. I don’t know if that’s true as I think it’s difficult for Trump to get rid of Powell unless Powell decides to step down. Have any of you heard anything like this?
Pardon me, but tariffs aren’t inflationary. Inflating the money supply without a concomitant increase in gdp/productivity is inflationary. Tariffs increase the cost of trading partners doing business with us. That isn’t inflationary. It just cuts into their profits and they squeal like a stuck pig. Then get their bribed politicians to scream about the tariffs and how bad they are.
I realize the propaganda media has been beating the drum of ‘rising prices are inflationary’ since the middle of last century, but that’s just proaganda. Rising prices can be a symptom of inflation, but that’s not actual inflation as the original meaning of the term was defined in economics. Though in English you can say, ‘They are inflating their prices - see, inflation!’ that’s not money supply inflation and can have a cause other than an inflated money supply; i.e. He’s charging all the market will bear and if he produces something in high demand, sees a chance to increase his price.
https://www.reuters.com/world/us/trump-says-decision-fed-chair-will-be-out-soon-2025-06-06/
WASHINGTON, June 6 (Reuters) - President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates.
“It’s coming out very soon,” Trump told reporters on Air Force One.
When asked specifically about former Fed governor Kevin Warsh, Trump said, “he’s very highly thought of.” Warsh is considered a frontrunner to be Trump’s pick to be the next Fed chair.
The chairman serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as a member of the Board of Governors.
Tariffs bring in more revenue than it raises costs to consumers and it subtracts from the debt.
That's not inflationary.
And the May rate of inflation is the first case in point.
Rates are still below the historical typical average of 7.7%.
————-
Exactly, Thanks for posting. The US has become great for one reason : Debt, which is the other half of Credit. Most can not grasp that fact. Credit = Debt. Our country runs on Debt….virtually everything is bought with Credit ( debt).
With almost $37 trillion in unpayable debt, our government must keep borrowing to keep the Ponzi scheme running. When there are no more buyers of our debt, collapse occurs….been that way for centuries….which is why we are seeing the Bond markets collapsing….the first domino to fall is always the largest money on the planet- the Bond market……debt instruments, Bonds, Notes, Bills…..the world’s money is moving out of government issued debt into Bitcoin, Gold, Commodities, equities, etc.
“ As of August 2020, ICMA estimates that the overall size of the global bond markets in terms of USD equivalent notional outstanding, is approximately $128.3tn. ”…..the biggest money in the world, and it is now cracking.
"Economists" and "historians" (lol) are ivory tower global establishment types who support the disaterious status quo of debt and bankruptcy.
I'll take the private sector businessman.
“......Tariffs increase the cost of trading partners doing business with us.....
You are totally wrong and either grossly ignorant or purposefully lying.
All tariffs are collected by the US Customs department prior to allowing the products to enter our country. The tariff import duty is paid directly by the importer. All tariffs are ultimately paid downstream by American consumers. Tariffs are a tax.
The exporting nation has nothing to do with tariffs other than having it’s products prices raised to the point on being either unsalable or non competitive.
President Trump and all his staff allude to the fact that the exporter pays the tariff knowing that is absolute prevarication.
“The very common practice of correctly using the bankruptcy laws as they were designed is not a black mark. A business is a seperate legal entity. ”
That’s excuse making.
It’s a person making the decision not to pay money they promised to pay.
They are legitimate needs for bankruptcy especially for individuals who have bad things happen .
But to somehow say it’s a ok business strategy is a lack of ethics .
“then in the 2008 crisis, our government bailed out JP Morgan with $$$ billions.
It pays to study history.”
You need to study history. No JPM bailout. JPM was profitable every year. They bought troubled banks.
The last word from Trump is he will allow Powell to remain till his term expires ( by law). On that note, his replacement is only rumor. Judy Shelton, was his last term chief advisor.
She has had a few interviews, listen to them. She advocates bringing Gold back into our system. Not a Gold standard, but like what the Brics are doing, a quasi gold 40 percent backing.
Her latest interview she states the issuance of 50 and 100 year Bonds that will pay out in physical Gold. She is well aware of our Bond crisis that is emerging, and so far is the only one that has an answer on how to keep the world from selling off our debt instruments.
Again, our government bailed out JP Morgan. Do your research before spouting. There is thousands of news articles venting anger over their $$$ billions in bailouts with taxpayers money….you are getting sloppy, very sloppy.
“ JPMorgan’s $12 Billion Bailout
BY DEALBOOK MARCH 18, 2008 9:22 AM”
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