Well, lower interest rates would in fact be better for the government and Trump does say he's America first, so wanting lower borrowing costs is in line with that.
Fed will overshoot rate increases
- Thread starter <SLV>
- Start date
Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
There's a lot to unpack there. Let's start with - "better for the government." What, so they can print moar; use this money, the VALUE of which comes OUT of our savings and our earnings...to torment us, moar? Jabs, MK-Ultra, Trailer Swift on every video link...windmills everywhere, outlaw beef, build syn-meat plants, kill all the chickens, you-vill-eat-zee-bugs...ethanol in gas, Breathylizers in every new car, yearly smog checks...
...DO WE WANT WHAT IS GOOD FOR THIS GOVERNMENT? So they can shovel more death hardware to that pathetic little sociopath in Ukraine?
THEN, the Malinvestment problem. Free money leads to reckless spending, reckless planning, malinvestment. Because money is free. Koledge dee-grees for every non-white young person this nation can FIND? "Loan" them the money and then "forgive" the loan. The money may be free - from interest - but not from cost. Printed-up fiat debases the currency - INCLUDING THAT DOLLAR-DENOTED MONEY IN YOUR RETIREMENT FUNDS.
I don't give a flying frig if Trump wants it. How many times have I said, this is Trump's blind spot? He has no idea of how money works, or why printing it does NOT work. He was never a saver. He was never concerned about retirement - his own or anyone's.
He's a borrower - what he did was based on CHEAP DEBT. I'm not bashing what he did, which was mostly useful; but he only understands one side of it, and believes no-cost borrowed capital to be a great thing.
Any Austrian-School observer would assert otherwise.
It's amazing, how circumstances have maneuvered Trump into his weakest positions. Supporting Cheap Money - when cheap money and reckless currency debasement are the ESSENCE of our problems. His poor pick of key people - everyone from Elon the Pothead, to Pam Blondie, who's obviously playing both sides. The Pro-Israeli-Deep-State war freaks have his ear.
Circumstances are going to destroy Trump. Maybe in weeks. Pride goeth before a fall; and Trump has always been to prideful to say, "I was wrong there."
Welcome to the Fourth Turning.
Historically normal.
- Messages
- 26,845
- Reaction score
- 4,819
- Points
- 288
lol
Trump claimed at the White House that lowering rates by 2 percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
“We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here [and says] ‘I don’t see enough reason to cut the rates now,’” Trump said.
More:
Trump calls Fed chief Powell ‘numbskull’ as he urges interest rate cut
- President Donald Trump called Federal Reserve Chair Jerome Powell a “numbskull” as he demanded an interest-rate cut.
- Trump claimed at the White House that lowering rates by two percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
- Trump said he “may have to force something” if inflation is trending down and Powell does not lower interest rates.
Trump claimed at the White House that lowering rates by 2 percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
“We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here [and says] ‘I don’t see enough reason to cut the rates now,’” Trump said.
More:
Poor Dumb Donny, he just doesn't understand that Powell doesn't work for him...
- Messages
- 26,845
- Reaction score
- 4,819
- Points
- 288
Rates Spark: A Wednesday afternoon of drama from the US
And we show how the eurozone just does not care right now
think.ing.com
Fed news conference will be live streamed on CSPAN at 1:30pm CDT:
www.c-span.org
Federal Reserve Chair Holds News Conference
Federal Reserve Chair Jerome Powell holds a news conference on the latest regarding the national interest rate and economy, following the Federal Open Market Committee's monthly meeting that took place June 17-18.
- Messages
- 26,845
- Reaction score
- 4,819
- Points
- 288
Trump says he may change his mind about firing Fed Chair Powell
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday again floated the idea of firing Jerome Powell, the Federal Reserve chair he has long attacked over interest rates he wants lowered."I don't know why the Board doesn't override (Powell)," Trump wrote in a lengthy post on Truth Social criticizing Fed policy. "Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly."
More:
Not legally.
He can arm-twist - maybe with threats, maybe even with FBI files.
In THIS regard, Trump will have the full backing of the Deep State.
Because ZIRP adds speed and spice to the money-printing party.
We need HIGHER rates, not lower.
Mal-investment is one of the biggest problems we have, now. Money for 15 years cost nothing, so we had house-flippers, corporate raiders, corporate shell-game money-movers, buying back their own stawx.
You had retail savers, trying to grow retirement savings, destroyed - interest in banks was less than inflation. THAT leads to desperate retail pension-minded savers, going into stawx, not for the dividends, but hoping that the "growth narrative" includes whatever the "investment counselor" sold them.
Plenty of such people were wiped out with the GM bankruptcy, 18 years ago. Or on Chrysler preferred bonds, which the Chocolate Jesus wiped away, law and contract be damned.
That happens when safe, prudent SAVINGS vehicles do not pay.
Yes, high interest rates affect real estate prices. WHICH ARE IN A BUBBLE NOW, thanks to all the Free Money over time. That bubble can only pop - and the sooner, the better, because it will cause less harm if not delayed.
Mal-investment is one of the biggest problems we have, now. Money for 15 years cost nothing, so we had house-flippers, corporate raiders, corporate shell-game money-movers, buying back their own stawx.
You had retail savers, trying to grow retirement savings, destroyed - interest in banks was less than inflation. THAT leads to desperate retail pension-minded savers, going into stawx, not for the dividends, but hoping that the "growth narrative" includes whatever the "investment counselor" sold them.
Plenty of such people were wiped out with the GM bankruptcy, 18 years ago. Or on Chrysler preferred bonds, which the Chocolate Jesus wiped away, law and contract be damned.
That happens when safe, prudent SAVINGS vehicles do not pay.
Yes, high interest rates affect real estate prices. WHICH ARE IN A BUBBLE NOW, thanks to all the Free Money over time. That bubble can only pop - and the sooner, the better, because it will cause less harm if not delayed.
The problem we have today is a divergence between what the economy needs (higher rates) and what the government needs (lower rates to help avoid a fiscal doom loop while refinancing an expiring debt balloon).
- Messages
- 26,845
- Reaction score
- 4,819
- Points
- 288
Swiss Central Bank Cuts Rates to Zero, Could Go Negative
The Federal Reserve has never dabbled in negative interest rate policy, although one must wonder if it will take that path during the next economic meltdown.
goldseek.com
Hate to say it, but the best argument FOR the FRB or a Central Bank, is, myopic, misinformed politicians like Trump.
And of course Trump is not a politician. And if another leader comes from nowhere (if we even have that much time ahead as a nation) it could be worse.
www.voteforjoe.com
Or, of course, the Lyndon LaRouche perma-campaign.
Bad as the Fed is, turning the nation's money supply and currency policy over to low-wattage pols, would be worse. Zimbabwe-level worse.
The authors of the Constitution had the answer - which has been reduced to dicta. "No State shall make anything but Gold and Silver a tender in payment of debts."
So, of course, we get everyone trying to show how clever they are, defeating this, and then creating new ways to fog the air and hide their money-printing. FRB, as the Money-Laundry, using government bonds as "backing" for the issue of scrip. Or, the Bitcoin Bro's! Everyone's got The Answer, while ignoring the real answer which gave us 120 years of incredible growth and development.
And of course Trump is not a politician. And if another leader comes from nowhere (if we even have that much time ahead as a nation) it could be worse.
www.voteforjoe.com
Or, of course, the Lyndon LaRouche perma-campaign.
Bad as the Fed is, turning the nation's money supply and currency policy over to low-wattage pols, would be worse. Zimbabwe-level worse.
The authors of the Constitution had the answer - which has been reduced to dicta. "No State shall make anything but Gold and Silver a tender in payment of debts."
So, of course, we get everyone trying to show how clever they are, defeating this, and then creating new ways to fog the air and hide their money-printing. FRB, as the Money-Laundry, using government bonds as "backing" for the issue of scrip. Or, the Bitcoin Bro's! Everyone's got The Answer, while ignoring the real answer which gave us 120 years of incredible growth and development.
- Messages
- 26,845
- Reaction score
- 4,819
- Points
- 288
Trump’s war against the Powell Fed has taken another political turn
- Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank.
- In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone Trump could install as a central bank gadfly until Powell’s term expires.
- A report indicated that Trump is considering naming the successor sooner than expected in an attempt to influence interest rate policy.
As Powell testified Wednesday before the Senate Banking Committee, holding generally cordial exchanges with lawmakers, Trump was at the NATO summit in The Hague lobbing his latest attacks on a man he had nominated for the Fed job nearly eight years ago.
More: