Could the Fed Turn Trump Into Herbert Hoover?

[georgephillip]

Hoover often gets the blame for the Great Depression.
Some are suggesting the Fed and IMF could inflict the same fate on Trump by using digital blockchain currencies like Libra to deliberately topple the US dollar from its global reserve currency perch.
How would such an outcome influence your 2020 vote?

https://www.finder.com.au/imf-cryptocurrency-stablecoins-will-likely-put-some-banks-out-of-business

"The Fed could easily tip the US into crisis.

"The debt levels of the US economy are at record high levels for private households, Federal government, and US corporate debt.

"Most US corporations have used growing debt, well over $9 trillion, to make stock buybacks rather than invest in new plant and equipment, fueling an unprecedented bubble in the S&P stocks.

"The rising stocks are not a sign of economic health but of a dangerous speculative bubble vulnerable to collapse.

"Were the Fed now to resume rate rises and continue its less-publicized Quantitative Tightening into 2020, a domino-style series of debt defaults, corporate bankruptcies, home mortgage foreclosures, default on car loans and student loans could quickly make a second Trump Presidency in 2020 more than doubtful.

"However that would be no grounds for the rest of the world opposed to Trump policies to cheer.

"It would also trigger collapse in major emerging market countries who have borrowed hundreds of billions denominated in US dollars, including Chinese state companies, Turkey, Argentina, Brazil to name a few. EU banks from Italy to Germany to France would fail."

Is the Fed Preparing to Topple the US Dollar? - Global Research

I see the fall guys and excuses are already getting lined up. It’s gotta be anything but Trumps fault, unless it’s something positive, right?! Haha

I see the fall guys and excuses are already getting lined up. It’s gotta be anything but Trumps fault, unless it’s something positive, right?! Haha

Would you agree Trump and the Chinese each believe time is on their side in the trade war?

I think the Chinese believe that. I think Trump is starting to sweat

I think the Chinese believe that. I think Trump is starting to sweat

I also believe the Chinese are well aware their "emperor" will be in office long after Trump is gone.

Trump's trade war will have effects that ripple through the global economy for decades, imho.

Official Website of Communist Party of India, Marxist - Leninist (ML) Redstar - EMPEROR XI JINPING

 

[georgephillip]

The Fed is not going to reduce the power of the Fed.
And nobody wants to hold onto a pile of Commie currency.

The Fed is not going to reduce the power of the Fed.
And nobody wants to hold onto a pile of Commie currency.

China's gone capitalist as Hong Kong is about to discover.

Bet you're proud?

Commies can kiss my hairy white ass.

Commies can kiss my hairy white ass

Don't forget to bow.

Now you don't like Commies?

Now you don't like Commies?

You still peddling neoliberal capitalism?

A One-Year Treasury Bill Beat the Stock Market Over the Past Year

"One year ago, investors could have purchased a one-year U.S. Treasury Bill with a yield of 2.47 percent. As of this past Friday’s closing price of the Dow Jones Industrial Average, the Treasury Bill would have beaten the performance of the Dow over the past year by more than three-quarters of a point (not taking into account dividends on the Dow stocks)."

 

[georgephillip]

Wishful thinking by the Dems.

Not if global central bankers including the Federal Reserve believe Trump's reelection poses an existential threat to their neoliberal experiment:

Is the Fed Preparing to Topple the US Dollar? - Global Research

"A remarkable hint of what might be in the works came in an OpEd by the person who until 2018 was the very important President of the New York Federal Reserve Bank, Bill Dudley, who like Mark Carney is a senior Goldman Sachs alumnus.

"Dudley is no minor actor in the central bankers’ world. Until last year he also was a member of the Bank for International Settlements Board of Directors and chaired the BIS Committee on Payment Settlement Systems and the Committee on the Global Financial System.

"Dudley, pointing to the Trump trade war policies and economic dangers of same, then issues the following rare undiplomatic declaration:

"'Trump’s re-election arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.'"

 

[georgephillip]

George scours the Internet and posts random articles with little to no train of thought or personal knowledge about the topics.

 

[deanrd]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

 

[Toddsterpatriot]

Hoover often gets the blame for the Great Depression.
Some are suggesting the Fed and IMF could inflict the same fate on Trump by using digital blockchain currencies like Libra to deliberately topple the US dollar from its global reserve currency perch.
How would such an outcome influence your 2020 vote?

https://www.finder.com.au/imf-cryptocurrency-stablecoins-will-likely-put-some-banks-out-of-business

"The Fed could easily tip the US into crisis.

"The debt levels of the US economy are at record high levels for private households, Federal government, and US corporate debt.

"Most US corporations have used growing debt, well over $9 trillion, to make stock buybacks rather than invest in new plant and equipment, fueling an unprecedented bubble in the S&P stocks.

"The rising stocks are not a sign of economic health but of a dangerous speculative bubble vulnerable to collapse.

"Were the Fed now to resume rate rises and continue its less-publicized Quantitative Tightening into 2020, a domino-style series of debt defaults, corporate bankruptcies, home mortgage foreclosures, default on car loans and student loans could quickly make a second Trump Presidency in 2020 more than doubtful.

"However that would be no grounds for the rest of the world opposed to Trump policies to cheer.

"It would also trigger collapse in major emerging market countries who have borrowed hundreds of billions denominated in US dollars, including Chinese state companies, Turkey, Argentina, Brazil to name a few. EU banks from Italy to Germany to France would fail."

Is the Fed Preparing to Topple the US Dollar? - Global Research

The Fed certainly could impact the election. Either for Donnie or against him.

The Fed certainly could impact the election. Either for Donnie or against him.

The Fed in conjunction with other central banks and the IMF could theoretically change the global economy in ways Donnie probably can't imagine?

Is the Fed Preparing to Topple the US Dollar? - Global Research

"The IMF is fully behind the turn to global blockchain digital currencies and use of SDR to replace the dominant US dollar.

"In a little-noticed speech in November 14, 2018, IMF chief Lagarde strongly indicated that the IMF was behind central bank digital currencies as well as cashless societies.

"She noted very carefully,

"'I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.' She added, 'A new wind is blowing, that of digitalization…What role will remain for cash in this digital world? … demand for cash is decreasing—as shown in recent IMF work. And in ten, twenty, thirty years, who will still be exchanging pieces of paper?'"

Central bankers and the interests they represent never let a good crises go to waste. They could certainly use Trump's trade war to advance a "cashless society" if they choose.

Cashing In: How to Make Negative Interest Rates Work

Is the Fed Preparing to Topple the US Dollar? - Global Research

No.

"The IMF is fully behind the turn to global blockchain digital currencies and use of SDR to replace the dominant US dollar.

The IMF is in favor of a more powerful IMF. Alert the media!!

 

[georgephillip]

should we call blue city tent camps hoovervilles ?

Why not Trump Towns?

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

"Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency.

"In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. I

"f this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Herbert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering..."

Is the Fed Preparing to Topple the US Dollar? - Global Research

 

[Toddsterpatriot]

The Fed is not going to reduce the power of the Fed.
And nobody wants to hold onto a pile of Commie currency.

The Fed is not going to reduce the power of the Fed.
And nobody wants to hold onto a pile of Commie currency.

China's gone capitalist as Hong Kong is about to discover.

Bet you're proud?

Commies can kiss my hairy white ass.

Commies can kiss my hairy white ass

Don't forget to bow.

Now you don't like Commies?

Now you don't like Commies?

You still peddling neoliberal capitalism?

A One-Year Treasury Bill Beat the Stock Market Over the Past Year

"One year ago, investors could have purchased a one-year U.S. Treasury Bill with a yield of 2.47 percent. As of this past Friday’s closing price of the Dow Jones Industrial Average, the Treasury Bill would have beaten the performance of the Dow over the past year by more than three-quarters of a point (not taking into account dividends on the Dow stocks)."

the Treasury Bill would have beaten the performance of the Dow over the past year by more than three-quarters of a point (not taking into account dividends on the Dow stocks)."

The average Dow yield is about 2.8%, which means, you stupid twat, that the one year T-bill did not out perform the Dow.

 

[AzogtheDefiler]

George scours the Internet and posts random articles with little to no train of thought or personal knowledge about the topics.

Case in Point

 

[georgephillip]

should we call blue city tent camps hoovervilles ?

Why not Trump Towns?

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

How would that affect interest rates?

 

[georgephillip]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

 

[CrusaderFrank]

should we call blue city tent camps hoovervilles ?

Why not Trump Towns?

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

Trump will simply dismantle the Fed and arrest the governors for treason and sedition

How would that affect interest rates?

No problem at all.

 

[CrusaderFrank]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

 

[georgephillip]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Trump IS the coup which probably explains why he's reluctant to release his financials, and life-long Republican fixers like Barr and Mueller are equally wary of demanding he do so.

Did Mueller peek at Trump's tax returns?

"It's entirely possible Mueller did not look at Trump’s tax returns or financials.

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

"There was no reference to Deutsche Bank financial transactions, despite well-publicized reports that Trump owes Deutsche Bank over $300 million, having received financing of over $2 billion since 2000, and that Deutsche Bank has been fined multiple times for money laundering and other financial transgressions.

"Then there was the prize-winning New York Times article explaining how Trump took part in suspect schemes to evade taxes back in the 1990s."

 

[Toddsterpatriot]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Trump IS the coup which probably explains why he's reluctant to release his financials, and life-long Republican fixers like Barr and Mueller are equally wary of demanding he do so.

Did Mueller peek at Trump's tax returns?

"It's entirely possible Mueller did not look at Trump’s tax returns or financials.

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

"There was no reference to Deutsche Bank financial transactions, despite well-publicized reports that Trump owes Deutsche Bank over $300 million, having received financing of over $2 billion since 2000, and that Deutsche Bank has been fined multiple times for money laundering and other financial transgressions.

"Then there was the prize-winning New York Times article explaining how Trump took part in suspect schemes to evade taxes back in the 1990s."

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

Why would Mueller need to look at Trump's financials?
Was that why he was appointed?

 

[georgephillip]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Trump IS the coup which probably explains why he's reluctant to release his financials, and life-long Republican fixers like Barr and Mueller are equally wary of demanding he do so.

Did Mueller peek at Trump's tax returns?

"It's entirely possible Mueller did not look at Trump’s tax returns or financials.

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

"There was no reference to Deutsche Bank financial transactions, despite well-publicized reports that Trump owes Deutsche Bank over $300 million, having received financing of over $2 billion since 2000, and that Deutsche Bank has been fined multiple times for money laundering and other financial transgressions.

"Then there was the prize-winning New York Times article explaining how Trump took part in suspect schemes to evade taxes back in the 1990s."

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

Why would Mueller need to look at Trump's financials?
Was that why he was appointed?

Why would Mueller need to look at Trump's financials?
Was that why he was appointed?

Trump once bragged he could make money by running for president.
Maybe his campaign manager SOLD voter information to the Russians and Trump got his usual percentage?

On August 2, 2016, Paul Manafort Gave Konstantin Kilimnik 75 Pages of Recent, Detailed Polling Data | emptywheel

 

[miketx]

Hoover often gets the blame for the Great Depression.
Some are suggesting the Fed and IMF could inflict the same fate on Trump by using digital blockchain currencies like Libra to deliberately topple the US dollar from its global reserve currency perch.
How would such an outcome influence your 2020 vote?

https://www.finder.com.au/imf-cryptocurrency-stablecoins-will-likely-put-some-banks-out-of-business

"The Fed could easily tip the US into crisis.

"The debt levels of the US economy are at record high levels for private households, Federal government, and US corporate debt.

"Most US corporations have used growing debt, well over $9 trillion, to make stock buybacks rather than invest in new plant and equipment, fueling an unprecedented bubble in the S&P stocks.

"The rising stocks are not a sign of economic health but of a dangerous speculative bubble vulnerable to collapse.

"Were the Fed now to resume rate rises and continue its less-publicized Quantitative Tightening into 2020, a domino-style series of debt defaults, corporate bankruptcies, home mortgage foreclosures, default on car loans and student loans could quickly make a second Trump Presidency in 2020 more than doubtful.

"However that would be no grounds for the rest of the world opposed to Trump policies to cheer.

"It would also trigger collapse in major emerging market countries who have borrowed hundreds of billions denominated in US dollars, including Chinese state companies, Turkey, Argentina, Brazil to name a few. EU banks from Italy to Germany to France would fail."

Is the Fed Preparing to Topple the US Dollar? - Global Research

More likely for him to become Eleanor Roosevelt.

 

[Toddsterpatriot]

Trump is the worst president in US history. To turn him into any other president would be taking a sows ear and turning it into a silk purse.

And we probably haven't seen him at his worst.
If impeachment heats up during the first half of 2020 and his children are indicted in New York state courts, he will melt faster than a Twinkie in a (clean) coke oven.

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Far, far, far more likely that the Failed Coup Plotters will be swinging from the gallows pole

Trump IS the coup which probably explains why he's reluctant to release his financials, and life-long Republican fixers like Barr and Mueller are equally wary of demanding he do so.

Did Mueller peek at Trump's tax returns?

"It's entirely possible Mueller did not look at Trump’s tax returns or financials.

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

"There was no reference to Deutsche Bank financial transactions, despite well-publicized reports that Trump owes Deutsche Bank over $300 million, having received financing of over $2 billion since 2000, and that Deutsche Bank has been fined multiple times for money laundering and other financial transgressions.

"Then there was the prize-winning New York Times article explaining how Trump took part in suspect schemes to evade taxes back in the 1990s."

"Multiple legal pundits expressed surprise upon release of the Mueller report that there was no section that 'followed the money.'

Why would Mueller need to look at Trump's financials?
Was that why he was appointed?

Why would Mueller need to look at Trump's financials?
Was that why he was appointed?

Trump once bragged he could make money by running for president.
Maybe his campaign manager SOLD voter information to the Russians and Trump got his usual percentage?

On August 2, 2016, Paul Manafort Gave Konstantin Kilimnik 75 Pages of Recent, Detailed Polling Data | emptywheel

Trump once bragged he could make money by running for president.

Just look at how much Hillary made by running for President.

 

[georgephillip]

Hoover often gets the blame for the Great Depression.
Some are suggesting the Fed and IMF could inflict the same fate on Trump by using digital blockchain currencies like Libra to deliberately topple the US dollar from its global reserve currency perch.
How would such an outcome influence your 2020 vote?

https://www.finder.com.au/imf-cryptocurrency-stablecoins-will-likely-put-some-banks-out-of-business

"The Fed could easily tip the US into crisis.

"The debt levels of the US economy are at record high levels for private households, Federal government, and US corporate debt.

"Most US corporations have used growing debt, well over $9 trillion, to make stock buybacks rather than invest in new plant and equipment, fueling an unprecedented bubble in the S&P stocks.

"The rising stocks are not a sign of economic health but of a dangerous speculative bubble vulnerable to collapse.

"Were the Fed now to resume rate rises and continue its less-publicized Quantitative Tightening into 2020, a domino-style series of debt defaults, corporate bankruptcies, home mortgage foreclosures, default on car loans and student loans could quickly make a second Trump Presidency in 2020 more than doubtful.

"However that would be no grounds for the rest of the world opposed to Trump policies to cheer.

"It would also trigger collapse in major emerging market countries who have borrowed hundreds of billions denominated in US dollars, including Chinese state companies, Turkey, Argentina, Brazil to name a few. EU banks from Italy to Germany to France would fail."

Is the Fed Preparing to Topple the US Dollar? - Global Research

More likely for him to become Eleanor Roosevelt.

More likely for him to become Eleanor Roosevelt.

Trump as Eleanor?
Seems like a stretch; although, they might have similar thoughts on the IMF and cashless economies?

Is the Fed Preparing to Topple the US Dollar? - Global Research

"The IMF is fully behind the turn to global blockchain digital currencies and use of SDR to replace the dominant US dollar. In a little-noticed speech in November 14, 2018, IMF chief Lagarde strongly indicated that the IMF was behind central bank digital currencies as well as cashless societies. She noted very carefully,

"'I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy.' She added, 'A new wind is blowing, that of digitalization…What role will remain for cash in this digital world? … demand for cash is decreasing—as shown in recent IMF work. And in ten, twenty, thirty years, who will still be exchanging pieces of paper?'"