Trump admits he may be causing a RECESSION

[j-mac]

Taxes are withheld by the federal government to pay for federal spending.

That has nothing to do with the federal reserve that prints money and controls the currency.

You’re the one that brought up the Federal Reserve dummy…So, now we’re back to where I started.

 

[Marener]

You’re the one that brought up the Federal Reserve dummy…So, now we’re back to where I started.

You are the one who brought up the Federal Reserve, but it appears you didn’t understand what you’re talking about.

When I was in HS, back in the dinosaur days, we learned that fiat money introduced into the economy must be “clawed” back, causing pain for the economy.

Fiat money comes from the Federal Reserve, not the government.

 

[j-mac]

You are the one who brought up the Federal Reserve, but it appears you didn’t understand what you’re talking about.

Liar

Fiat money comes from the Federal Reserve, not the government.

Yes, the Federal Reserve is a government agency, but it is also considered an independent central bank.

Explanation

• The Federal Reserve is the central bank of the United States.
  
  
• The Board of Governors in Washington, D.C. is the governing body of the Federal Reserve.
  
  
• The Board of Governors is accountable to Congress.
  
  
• • The Federal Reserve's decisions are made independently, but it does communicate with the executive branch and Congress.
    
  • The Federal Reserve's main duties include promoting stable prices, maximum employment, and a safe banking system.
    
  • The Federal Reserve's operating arms are the 12 Federal Reserve Banks.
    
  • The Federal Reserve Banks are set up like private corporations.
    
  • Member banks hold stock in the Federal Reserve Banks and earn dividends.
    

The Federal Reserve is considered independent because its monetary policy decisions do not need to be approved by the president or Congress. However, it is subject to congressional oversight.

 

[Marener]

Yes, the Federal Reserve is a government agency, but it is also considered an independent central bank.

Call it whatever you want. Who do you think the Federal Reserve gives money to?

They don’t give it to you. They loan it to banks. Those banks loan it to businesses. Those businesses use it to expand. Expansion causes inflation.

The businesses reap the rewards and we pay the price.

 

[j-mac]

Call it whatever you want. Who do you think the Federal Reserve gives money to?

They don’t give it to you. They loan it to banks. Those banks loan it to businesses. Those businesses use it to expand. Expansion causes inflation.

The businesses reap the rewards and we pay the price.

What a warped view…So, according to you, if the government would just stop business from expanding, we’d have no inflation? You’re an ignorant fool..

 

[Marener]

What a warped view…So, according to you, if the government would just stop business from expanding, we’d have no inflation? You’re an ignorant fool..

They expanded with all that fiat currency you’re so upset about.

Fed kept the interest rates basically zero for over a decade. You didn’t notice? Of course not.

 

[OKTexas]

4th quarter GDP growth for 2024 in the US was 2.3%. Typically, only a severe shock to the economy could cause GDP to contract sequentially after 2+% growth. A shock like layoffs, a change in consumer sentiment, and something as disruptive as tariffs.

I'm trying to recall if an admin ever in our history took proactive steps to cause a recession after being warned of their idiocy. Anyone?

You're making assumptions, Trump is trying to level the playing field on trade and bring jobs back to the US.

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[OKTexas]

How was it in comparison with the rest of the world?

Who give a shit, we aren't the rest of the world.

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[Slade3200]

Who give a shit, we aren't the rest of the world.

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We are in a world economy so knowing how things stand worldwide is a fair indicator to know how we are operating.

 

[OKTexas]

We are in a world economy so knowing how things stand worldwide is a fair indicator to know how we are operating.

And perhaps that's a mistake, we shouldn't be dependent on anyone for anything.

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[toobfreak]

Trump admits he may be causing a RECESSION​

Settle down, Buttwipe and stop adding to the problem. Any market instabilities right now are normal and to be expected. Trump is attacking our huge global trade imbalance and rearranging the world balance of power while taking on the deep state thugocracy head on here at home essentially changing the whole way our government (and much of the world) operates killing off all of the corrupt ligatures of taxpayer grifting, so there are bound to be waves for a few months as uncertainties and market fears peak until the new plan is laid out and begins to operate.

Kind of like switching the USA over from DC to AC.

 

[toobfreak]

Since Trump doesn't know shit about macroeconomics,

And Joe Biden, the bum who went strait into politics out of school did?
Or Barry Obumma, the social organizer from Chicago with a whole year of experience in Congress?
Name the last president with a Master's Degree in Economics?
Oh wait--- you can't.

There was only one.

 

[toobfreak]

How can anyone put a positive spin on a guy with dozens of felony convictions who robbed his own cancer charity?

Hard drugs much?

 

[toobfreak]

Regardless, Trump admits he may be causing a recession. An honest person would just admit that.

Trump admitted no such thing, idiot. An honest person would admit Trump has only been in office 49 days.

Recessions typically last between a couple months to a couple of years.

Interesting that the longest recession in our country's history (6 years) was caused by your great Kenyan god, Obumma.

List of recessions in the United States - Wikipedia

en.wikipedia.org

 

[Slade3200]

And perhaps that's a mistake, we shouldn't be dependent on anyone for anything.

.

We aren’t some small island in the South Pacific… we are the largest most powerful nation in the world. We are in the world market whether you like it or not. Ignoring that fact is just willful ignorance

 

[OKTexas]

We aren’t some small island in the South Pacific… we are the largest most powerful nation in the world. We are in the world market whether you like it or not. Ignoring that fact is just willful ignorance

Yep, and we discovered what a mistake that was when auto manufactures couldn't get the circuit boards they needed after covid along with other manufactures that couldn't get the parts they needed either. I know a guy that has an RV repair shop, he had parts backordered for well more than a year.

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[Crepitus]

You seem to be forgetting inflation was on the rise again when Trump took office. So were gas prices, the economy was fair, but it wasn't great.

.

That started immediately after the became president elect.

 

[dudmuck]

Trump admitted no such thing, idiot. An honest person would admit Trump has only been in office 49 days.

Recessions typically last between a couple months to a couple of years.

Interesting that the longest recession in our country's history (6 years) was caused by your great Kenyan god, Obumma.

List of recessions in the United States - Wikipedia

en.wikipedia.org

the sub-prime mortgage meltdown was in full swing as Obama got into office, meaning it started prior to him getting into office.

 

[tyroneweaver]

Since Trump doesn't know shit about macroeconomics, he probably doesn't even know what a "recession" actually IS.

It can be avoided, but business and consumers need some real clarity, or they'll just freeze up, and that would do it.

Unfortunately, Trump doesn't know shit about real clarity, either.

prove it. jA recession is when someone doesn't have a job Trump inherited a proxy war, open border and inflation. So far your just a mythographer

 

[Mac1958]

A recession is when someone doesn't have a job

MAGA macroeconomics.