Warren calls for Fed Chair Powell's ouster: "He is trying to drive us into recession!"/Flashback: Trump asks who is bigger enemy:Powell or China's Xi?

[Winston]

She's right, of course as anyone with half a brain knows.

But the hypocricy is stunning. Faux-cahontas invented and pushed through a government agency funded entirely by printing money, which was kept off hte books, with no input from congress.

The Fifth Circuit then identified two features of the Bureau Fund that, in the court’s view, show Congress abdicated this duty. The first and “[m]ost anomalous” evidence was the Bureau’s power to requisition funds from the Federal Reserve, a “self-actualizing, perpetual funding mechanism.” According to the court, Congress ceded both “direct control over the Bureau’s budget by insulating it from annual or other time limited appropriation” and “indirect control” by drawing Bureau funding from Federal Reserve earnings, which are themselves “outside the appropriations process.” The second problematic feature of the Fund identified by the court was how Congress structured the Fund. In the Fifth Circuit’s view, the Fund is “off the books” because it is allegedly not a “Treasury account” but a “separate” account at a Federal Reserve bank. Fund amounts are available to the director upon transfer, do not expire, are not government funds or appropriated monies, and are not reviewable by the Appropriations Committees. The Fifth Circuit wrote that these provisions resulted in Congress “relinquish[ing] its jurisdiction to review agency funding,” as well.

https://crsreports.congress.gov/product/pdf/LSB/LSB10891

Now, she has the nerve to act surprised?

Well then, it appears the FDIC is unconstitutionally funded.

 

[Winston]

Dang, what companies have tripled their margins? Or don't you know what "margins" mean?

LMAO, I have forgot more about "margins" than you will ever know. Here,

. Based on firm-level data, we find that although aggregate markups were more or less stable between 1955 and 1980, there has been a steady rise since 1980, from 21% above cost to 61% above cost in 2016.

The Rise of Market Power and the Macroeconomic Implications*

Abstract. We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In

academic.oup.com

Can you do math? And note, those numbers are from 2016, it is even worse now,

. Data from the U.S. Commerce Department shows that corporate profit margins are the largest they've been in 70 years,



So the triple claim I made was only from 1980 to 2016, everything over that is gravy for me. And it is gravy for the companies.

 

[easyt65]

Well, what he’s trying to do is get two million people laid off. And one of the things that we need to understand, he wants to raise the unemployment rate by more than a point within a single 12-month period. We have done that before in this country. In fact, we have done it 12 times before. And out of all 12 times. How many times has it resulted in a recession? The answer is 12.

Trump asks who is bigger enemy, Fed Chair Powell or China's Xi?

President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee to the U.S. central bank was a greater "enemy" than China's leader Xi Jinping...

www.reuters.com

Warren has infrequent moments of clarity.

 

[Winston]

If she knows her shit then why is she always wrong....

Oh hell, this is too easy. If she is wrong, then please explain how the Fed can affect the three drivers of inflation mentioned.

 

[easyt65]

Oh hell, this is too easy. If she is wrong, then please explain how the Fed can affect the three drivers of inflation mentioned.

Like the fed helped 'drive' the SVB into collapse by raising the interest rate 7 times...?

 

[Dr.Know]

Lets not forget that the DEEP STATE IS RUNNING 99% of the DemonRats and about 70% of the Republicants. Then a political outsider like Trump comes along and actually tries to do something out of the Cabals script and they hammer him mercilessly. The Cabal was shocked that Trump got elected but they let their guard down as they were smug about their queen Hilary being a sure thing. You can be sure that there will never be another Trump / outsider in the white house, Trump was a fluke. For all of the Biden / DEEP STATE voters,,,rest assured, you will get the financial Destruction that your beloved Antifa / BLM and C I A controlled left are clamoring for.

 

[Thinker101]

LMAO, I have forgot more about "margins" than you will ever know. Here,

. Based on firm-level data, we find that although aggregate markups were more or less stable between 1955 and 1980, there has been a steady rise since 1980, from 21% above cost to 61% above cost in 2016.

The Rise of Market Power and the Macroeconomic Implications*

Abstract. We document the evolution of market power based on firm-level data for the U.S. economy since 1955. We measure both markups and profitability. In

academic.oup.com

Can you do math? And note, those numbers are from 2016, it is even worse now,

. Data from the U.S. Commerce Department shows that corporate profit margins are the largest they've been in 70 years,



So the triple claim I made was only from 1980 to 2016, everything over that is gravy for me. And it is gravy for the companies.

Markup is not even close to the same as Margin....fricken idiot. You've obviously forgotten everything about margins.

 

[Winston]

Markup is not even close to the same as Margin....fricken idiot. You've obviously forgotten everything about margins.

So, you ignore the documentation that corporate profit MARGINS are the highest in 70 years.

 

[Thinker101]

So, you ignore the documentation that corporate profit MARGINS are the highest in 70 years.

An audio clip from NPR is hardly documentation....dumbass.

 

[Independentthinker]

Well, what he’s trying to do is get two million people laid off. And one of the things that we need to understand, he wants to raise the unemployment rate by more than a point within a single 12-month period. We have done that before in this country. In fact, we have done it 12 times before. And out of all 12 times. How many times has it resulted in a recession? The answer is 12.

Trump asks who is bigger enemy, Fed Chair Powell or China's Xi?

President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee to the U.S. central bank was a greater "enemy" than China's leader Xi Jinping...

www.reuters.com

Translation: Warren likes high inflation and will do or say anything in order so that Americans can't pay for their most basic needs without government assistance. If everyone is dependent on the government, long live socialism!