Posted on 12/06/2016 8:07:38 PM PST by Rockitz
Is Janet Yellen trying to screw Donald Trump?
No, I’m not asking for possible titles to a porn movie (“Trump Gets Janet Yellin’” or “Trump Puts Down Ol’ Yellen”). But it really does seem like the Federal Reserve Chair(wo)man is out to get the Donald.
Yellen recently told Congress’s Joint Economic Committee that an interest rate hike could be imminent if “incoming data provide some further evidence of continued progress toward the committee’s objectives.” Markets have already priced in a hike of a quarter to a half of a percentage point. For now, stocks continue to reach historic highs and the dollar is strong, even as Yellen and her central banking cohorts begin to ease on the gas.
But will Yellen’s gambit plunge us into a recession is the question. Just because Wall Street is gorging on high returns doesn’t mean the economy is sound. For eight years and running, the Fed has kept interest rates near zero percent in an attempt to spark investment and borrowing. Unemployment has gradually shrunk during the Obama years, yet the workforce participation rate remains low by modern standards. Prior to Election Day, two-thirds of Americans were anxious about their economic future.
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If it is indeed Yellen’s plan to tank the Trump presidency on her way out by raising interest rates, the Donald should fight back. He should take to his best medium, the TV, and begin making the public aware of the sabotage going on. When Yellen abandons her throne, Trump should appoint someone who is concerned about the dollar’s long-term stability. A few choices off the top of my head: finance writer and all-around mensch Jim Grant, former Director of the Office of Management and Budget David Stockman, commodity guru Jim Rogers, or former congressional representative and arch-Fed-critic Ron Paul.
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(Excerpt) Read more at zerohedge.com ...
Really unwanted visual...
She’s leaving, so she will not face any consequences.
Red seal dollars are needed that say U.S. Note NOT Federal Reserve Note.
Need Money Alternatives not monopoly, like Texas Dollar, Arizona Dollar etc.
We need a rate hike. Because Yellen, and her compatriots, and her predecessor kept rates too low for too long. If a country depends on low interest rates for too long it comes back to bite that country. And then there is no monetary policy to bail you out.
Federal Reserve are hardcore SOCIALISTS.
Real losers.
The entire concept of the Federal Reserve - a centrally planned controller of totally printed money and interest rates, and monetizer of Fed.gov and agency debt, whose job is to protect Wall Street — is a clear and obvious, ultimately political foundation to the leftist, social-engineering nanny state and all who support it.
I like this thread.
Many Freepers hear “banker” and automatically assume they are conservative or free-market. NOTHING could be further from the truth.
The Federal Reserve is the ultimate organ of progressive-left, social-engineering nanny-state power.
but I think opinions are starting to change...
Yes, cheap credit extended over a long period will hurt in a correction. That correction is overdue, IMHO.
Painful? Oh yes. But necessary.
I saw it. New info comes from an Obama buddy part of the Choom Gang.
I can’t disagree at all.
After she leaves, they’ll wait a couple years and put out a statement that she’s “in the early stages of dementia.”
I could not believe my ears the first time I heard her speaking. Yikes.
That’s my view as well. Get rid of them all. Any that can be thrown out, do so. Fire all the Attorneys General.
Having these people in the administration is like keeping a viper in your bed.
Socialism is where the government owns the means of production. What is it called when the means of "production", in this case the banks, own the government.
IMHO we will see not just a 1/4 percent increase but 1/2 percent increase. The stock market will shudder....for a day or two at most. The Fed only controls SHORT term interest. The market controls long term and the 10 year rates have been rising quickly.
Sure hope so. I’m in cash and waiting.
Yellen does not realize who she is messing with.>>>>>>>>>>>>>>>>>>>>
That’s a salient point. If she is trying to mess with President Trump, she may find herself resigning rather quickly in February of 2017.It will be a choice she cannot refuse.I do not imply anything illegal.
It will be “leverage.”
No one appointed by the Obama bastard will do anything BUT sabotage Trump. PURGE THEM ALL .
Should they ever rise to traditional levels (such as 4%), people under age 40 will go nuts. They have never seen anything but 0 and think credit is “free”.They will stop buying
Of course this is a ticking time bomb for Trump. The set up with a 20,000 Dow (leaving you Obama's economy) is in.
A rate hike was due long ago. The hard truth is Fannie and Freddie loans are not much better then they were under the CRA. I was looking at an article from 2009 where Michelle Obama says she cannot find hers or Barry’s birth certificate. Barry says he is to busy trying to fix the country from the 8 trillion mess that Bush created. And look at the damn debt now.
Trump should announce that every Obama administration officials, including myself, anything untoward unethical or illegal in the final days of the outgoing administrations will be held fully accountable under law. He should just come out and say it
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