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President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader in pushing stringent regulation on the nation. By raising interest rates and stopping the growth in the money supply it stands in the way of further growth in the American economy.
.........
The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their position by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.
Those new "BofG's" can end up on the Open Market Committee too.
originally posted by: Lumenari
a reply to: BeefNoMeat
I dunno... from what I just read in the OP Trump is pushing for hyperinflation?
Only conclusion I got out of it... which would be a silly gamble with diminishing returns....
originally posted by: CharlesT
originally posted by: Lumenari
a reply to: BeefNoMeat
I dunno... from what I just read in the OP Trump is pushing for hyperinflation?
Only conclusion I got out of it... which would be a silly gamble with diminishing returns....
I don't see any other way to manage the national debt and unfunded liabilities other than to inflate them away.
originally posted by: Lumenari
originally posted by: CharlesT
originally posted by: Lumenari
a reply to: BeefNoMeat
I dunno... from what I just read in the OP Trump is pushing for hyperinflation?
Only conclusion I got out of it... which would be a silly gamble with diminishing returns....
I don't see any other way to manage the national debt and unfunded liabilities other than to inflate them away.
It's a possibility... the Roaring 20's all over again.
But there is a rather horrible downside to that... see the Great Depression.
I'm no fan AT ALL of the federal reserve, btw. Wilson sold us all out on that deal.
However, an exit strategy would be nice.
Besides the next Great Depression.
originally posted by: CharlesT
originally posted by: Lumenari
originally posted by: CharlesT
originally posted by: Lumenari
a reply to: BeefNoMeat
I dunno... from what I just read in the OP Trump is pushing for hyperinflation?
Only conclusion I got out of it... which would be a silly gamble with diminishing returns....
I don't see any other way to manage the national debt and unfunded liabilities other than to inflate them away.
It's a possibility... the Roaring 20's all over again.
But there is a rather horrible downside to that... see the Great Depression.
I'm no fan AT ALL of the federal reserve, btw. Wilson sold us all out on that deal.
However, an exit strategy would be nice.
Besides the next Great Depression.
I edited my original post. Increasing interest rates may very well blow the entire house of cards sky high and create a situation far worse than the great depression. The global economic/financial bubble is gigantic.
If you have an adequate food and water supply, you better have an adequate gun and ammo supply... this generation is not like the 20s
originally posted by: Lumenari
originally posted by: CharlesT
originally posted by: Lumenari
a reply to: BeefNoMeat
I dunno... from what I just read in the OP Trump is pushing for hyperinflation?
Only conclusion I got out of it... which would be a silly gamble with diminishing returns....
I don't see any other way to manage the national debt and unfunded liabilities other than to inflate them away.
It's a possibility... the Roaring 20's all over again.
But there is a rather horrible downside to that... see the Great Depression.
I'm no fan AT ALL of the federal reserve, btw. Wilson sold us all out on that deal.
However, an exit strategy would be nice.
Besides the next Great Depression.
originally posted by: Lumenari
Our actual financial debt worldwide is between 700 trillion and 1 quadrillion dollars.
The real estate value of the planet is about 75 trillion.
Inflating to repay isn't really an option anymore.
It just kicks a can down the road... a road that isn't even there anymore.