Warren Calls for Fed Chair Powell’s Ouster – He Is 'Trying to Drive' U.S. into Recession
Senator Elizabeth Warren (D-MA) said Wednesday on CNN's "The Lead" that Federal Reserve Chairman Jerome Powell should be removed because he is "trying to drive" the U.S. economy into a recession. | Clips
Meanwhile she is trying to drive us into bankruptcy and slavery
We're already in a recession, they simply changed the definition.
Any gu ss as to when that might happen? It seems like every time there is news that should correct the market, the market still goes up. At some point reality has to catch up.
They keep pumping the market hoping the house of cards is still standing in 2025 and that whoever Biden loses to is the one with the reins when it finally falls apart.
"gerontocracy" is a new one for me but I like it and am adding to my lexicon.
I couldn't agree more.
At the same time, "old" doesn't always mean incapable or failing....and I'm sure you don't mean to say such. But it's THESE OLD BASTARDS that are at fault and these lifetime bureaucrats that need immediate removal.
They've been saying for a year that we "might" or "could be" headed to a recession when we were already knee deep in one. This is retarded and if any of these corrupt fucks were honest they would be saying were in a recession amd could be headed for the beginning of another great depression
Print more money what could go wrong xD
Print more money on one side and import illegals to juice demand on the other side. Great plan from the Democrat Communists.
It's spring! Time to plant the bitcorn.
I like that you think printing money is a Democrat thing, the whole uniparty has been doing it for decades.
Just because the Democrat Communists are in power now. The Neocon wing of the Republican party is just as bad when they are in power.
Powell is a complete dumbass. He thinks that by creating a recession, wages will drop.
The reality is that people will not work for a wage that won't pay their bills, so even though companies are laying off, new hires aren't going to work for lower salaries.
Well, by macroeconomic theory, the only other options for managing the money supply than changing interest rates are raising taxes and cutting government spending.
They’re definitely going to try to raise taxes, but for that to reduce the money supply in a way that combats inflation (specifically core goods), you’d primarily need it to impact the lower and middle classes instead of upper classes whose spending habits on core goods are largely unaffected by tax changes.
Problem is those guys are already getting fucked by inflation so good luck getting that by.
The only other extremely painfully obvious answer here would be to cut government spending.
The Fed has $7 trillion in assets, they can sell those and take $7 trillion out of circulation.
Uhhh, maybe we’re talking about something else, but the USA (and by extension, the Fed, or so I thought…) has roughly $250 trillion in assets about 10 years ago, that likely has increased.
That's when Keynesians go out to party on their credit cards.
https://youtu.be/kukKpqd_B2c
Retard take. Yeah, dementia and cancer just hit you all at once bro, because there is no such thing as exponential decline and warning signs.
You either understand and fucking hit the brakes and try to course correct or sit and die on your hands.
Lot of peoe are finding out what fractional reserve banking means (the hard way)
Agree. It hit Silicon Valley first because they invested almost exclusively in tech, and tech had a bit of a boom during Covid (some companies anyway) and they put that cash into the bank. Banks invested it. As the lockdown went on, workers figured out they could work anywhere and walked. Companies had to pay higher wages in the job market to replace them so started dipping into savings. They’ve also had to do layoffs too, so now they go back to the bank to withdraw those savings and “oops” bank is out of cash and has to sell those bad investments and bonds. They’re having to sell at a loss so now they’re in a pickle.
My guess is it will languish a few more months then start hitting other banks that “regular folks” use.
Couldn’t hurt to keep a little cash on hand, but some groceries. Be ready.
Not a financial analyst but I’ve got my eyes open.
CS is a different story. They’ve been a piece of shit for years.
The Swiss have always been pieces of shit. Sanctimonious assholes who have a self-endowed sense of moral superiority who in reality are nothing but financial mercenaries for hire wearing nicely tailored suits.
No it won’t. Mark it
You’re general mechanics on how svb failed is correct, however, there’s a lot wrong here. First being that there is not a single bank in the country that has a securities portfolio with a 50% loss in it. You’re also buying the media hype that bonds caused the problem as evidenced by saying they have to sell bonds to redeem deposits. Bank have a ton of options to generate cash before needing to liquidate securities. Btw, those bond losses have been there over a year but all of a sudden everyone thinks market value on securities fails banks.
There is potential for another bank to fail, sure, but advertising it like this is a systemic issue and we are about to see mass bank failure is retarded. Learn financial statements then get back to me.
If you think the bond losses are bad, the valuation on loans is exponentially worse, but GAAP doesn’t require you to report market value.
In summary, you’re synopsis is about 80% retarded.
*your
Well played
Lemme stop ya right there
SVB went woke
SVB went broke
Actually only one bank went under because of it. Sig and CS were different causes. The bond losses only matter if there is a run on liquidity and banks have no cash or no remaining borrowing capacity to fund the withdrawals.
You smell retarded.
There are very few banks that could withstand a run like SVB had, where 16% of deposits were withdrawn in one day.
This is correct
The market is not keeping pace with inflation.
The stock market crash of 1929 wasn't the start of the great depression. It took a few years for the pain to really start and J. P. Morgan benefitted greatly by buying stock at the lowest price and then the stock market went up again. I'd guess that the same will happen this time around.
Yes. Everyone should think about that. Tgey bought stock at low prices, rhen it increased in value.
Hardest emotions to fight are greed and fear when investing.
This time around it will be BlackRock and they will be pillaging the real estate market.
They've been buying at the top of the market. Might not go as planned when those assets might take a decade to get back to break-even as the real estate market implodes.
I'd say past 15 instead of past 3, but yeah, bring it on.
30 years, the past 30 years
Because they have already have everything and have contributed zero to the next gen. Boomers fuckin suck.
What about Larry Fink, lord of Black Rock?...
https://meaninginhistory.substack.com/p/tom-luongo-weighs-in-its-a-davos
There is a bankster turf war going on, between the Fed that is trying to save the USD and the WEF death cult that is trying to destroy it.
She's looking out for herself. She probably bought a few homes during the "pandemic" and wants to keep all of that ridiculously overinflated equity.
Raising rates and making credit much more expensive is the only way to stop this inflation. With easy credit people are buying things they can't afford.That always ends badly.
The problem is that we're going to have to print more money to finance our government's massive debt at much higher interest rates and we're also going to push a lot of banks to insolvency seeing as how there really isn't a great way to hedge against interest rates rising so fast and the Fed kept interest rates for so low, for so long.
There's no silver bullet.
The silver bullet is to declare the federal government and the federal reserve to be illegitimate corrupt criminal organizations and reject their illegitimate debt, the federal reserve loans assets it does not have and the federal government borrows their worthless fiat without the consent of the American people.
Basically we just tell them to go fuck themselves and create a new currency outside of their control and influence.
Then you must be quick before they tank the dollar and create their new crypto credit score slave chain.
Wow, it's like people had a point in urging everybody to fight all the way back in 2020, because NOT fighting the coup has resulted in this.
We're already bankrupt, look at the budget hearings.
And we're pretty much slaves, most by choice and the rest by proxy to the choices of others.
If you don't have the means to quit your job 6+ months plus, you're a slave. Take a look at your spending. I eat like a king for about $60/week still, including feeding my dogs, yet people I worked with were living paycheck to paycheck due to opting into uneccessary debt and wasting money on stupid stuff.
Eggs are still $4/dozen here and bacon is maybe $10/lb. That's breakfast for one for 7 days, $2/day. Breakfast for 4 for 2 days... still, $2/serving. Yet people out there buying all this prepackaged poison that does nothing but pump your estrogen and fuck your blood sugar for $5+/serving.
A family of four can easily get by on $100/week. Just gotta shop around a bit.
I know cats spending upwards of $1,000 a month for groceries.
All junk, microwave, toaster ready, chip dippin’, ready to eat, pre-packaged, sugar laden crap.
Most of us prefer a recession. I won't lose my job. But The blue haired lesbian computer programmers who barely know their password will.
Then I can buy their house, car, and meat substitutes for 50% off.
Just kidding. They can keep the fake meat. Just carry your refrigerator out before I install my new one please.
p.s. we've been in a recession for over 2 years
Not for them. This is pay days for them.
we’ve been in a depression since 2009… they’ve just been hiding it
Shhhh you. Don't you dare mention the 300Billion the Federal Reserve(for those who don't know, is not our Govt, they use this name to fool people) pumped into the Banks last week either...everything is fine, nothing to see here.
Fact Check: False
He is using monetary policy because it's the only tool at his disposal to save the dollar from what would be hyperinflation driven by the extraordinary spending which you gleefully supported.
Everyone has a right to an opinion but in all fairness yours should only count as 1/1200 th of an opinion.
Also, interest rates were kept artificially low for FAR too long. Combined with our government's addiction to QE.... at some point there is only one option. Rates UP combined with AUSTERITY (cutting benefit spending). But no politician likes either avenue.
This^
Further, depositors have to make a return. When cash reserves earn zero interest the market gets inflated as it is the only way to get a return.
She's a crack dealer, and she just ran out of crack.
This is absolutely correct. The Fed has two tools at it's disposal. Raising interest rates and quantitative easing/tightening (buying assets and carrying them on their books). The problem we have today is due to the money printing during the great COVID grift, which Dems absolutely demanded, and the Fed keeping the interest rate at zero while the banks issued wildly inappropriate mortgages to anyone that wanted 400k-500k homes.
Three tools they can change the reserve requirements for banks.
Beat me to it
they should have never kept rates as low as they did for as long as they did
Absolutely correct.
Big chief Warren should hold a pow-wow over it.
Remember when we taught the Indians about money so they invented wampum beads which were soon worthless?
Stupid fucking natives imagine being dumb enough to believe in a fiat currency.
😂
For as bad as they are with cars, Chrysler should have nothing to do with currency.
I hear there's a better than 1 in 1,024 chance of a recession.
What you did there? I saw it.
POW Wow Chow!
Top KeK
Wompum wompum
She sent out the smoke signals after posting this tweet.
“I’m gonna have myself…………..a beer.”
Now I like Powell because as this stage anything these retards are for I just assume the opposite
Nah, the government overspending and refusal to back off of “quantitative easing” after 2008 (along with some ESG BS sprinkled in) is what got the fed between a rock and a hard place. At this point, it’s either halt interest rate increases and deal with rising inflation or go full blast towards a recession. Pocahontas prefers the inflation route because she feels it will be less politically hurtful to “The Party”
They wanted Trump out. This is the result of that plotting. It's making us suffer while they get to live high on the hog. Fuck these people with a rusty pole up their ass
rates got raised today.
Yes, by another quarter point, which is why she’s pissed. She’s betting inflation is easier to get re-elected on. She’d rather not see the interest rate increases, which is why she came out against Powell
I call for the ouster of an old crazy cunt impersonating a Native American.
👋 I second the motion!
Yup.
I’m sure she’s diversified in Ukraine.
They are going to throw all the blame on Powell when the economy comes tumbling
ah... that's the explanation. Couldn't figure it out, but you're right. It wasn't their reckless psendingl... it was powell's fault
1000% this is nothing but a finger pointing
Sure, let's ignore Janet "everything is fine" Yellen.
Im so embarrassed my state voted for her.
Your state let's the voters decide?
you really think Mass isn't actually chock full of wokelibs? what planet are you from?
I don't think there's a 40% liberal voter base anywhere in America. I'm a retard and maybe I'm wrong but I do work in some of the most liberal shit holes in America and encounter few liberals.
There's like 20 cities that are the culprits. All near Boston. The farther you go N, W, or S, the redder it gets. If you go E, well, hope you can swim.
voted LMAO. Sorry pede but LMAO.
Right here with ya. It really is embarrassing. I'd move, but my whole family is here, and we're all close.
By “mail”
Causes historic levels of inflation and then blames the fed on crashing the economy…get fucked Liz
There is a bit more to this story than meets the eye.
Powell is, and always has been, a creature of the Wall Street Banks. Biden tried very hard to not re-appoint him in 2021, as he's not fully onboard with the Great Reset agenda.
After a 6 month fight, Wall Street won this battle.
Keep this in mind as you see greater rifts between the EU Central Banks and Wall Street.
I'm not saying Wall Street are the good guys, but if they're jumping off that version of the globalist plan, it's a good thing.
War dance time
Here's an idea: Stop all funding to Ukraine and get back every penny we sent there and give it back to Americans. Also deport all illegals.
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeeeeeee..........
Like I said tell ukraine the spigot gets turned off in 60 days. Finish it or call a truce and negotiate
Admiral Kirby just nixed that shit.
🏳️⚧️“Slava Ukraine!”🏳️🌈
Her resignation should have been casted once the truth came out about the lie on her college application. Fuck this twisted cunt.
If there were a video game about white liberal women Elizabeth Warren would be the final boss.
Nah, it would be Hillary, but i definitely get your point. Lol
I think he's trying to relieve pressure on the bubble created by democrats that don't understand basic economics and keep spending to create more pressure. But it makes a lot more sense when you remember democrats always accuse other people of what they themselves are guilty of. It's a trademark of narcissism.
She's on drugs. Shut up Chief Spreading Bull.
Crazy eyes.
Recession? That was so last year.
So now Powell is the fall guy for Bidens mistakes
Yes he is. Since the government won’t slow down on its spending all he can do to bring inflation down is crush the spending power of consumers.
She is SOOO ignorant of how the economy works
Warren is what stupid people believe an intelligent economic maven sounds like.
Warren has never been right about any economic matter even once in her life.
I mean, c'mon man, even an economic moron can guess right at least once, and Pocahontas has always guessed wrong.
the eyes the crazy is always in the eyes
Yeah its Powell's fault we're in a recession dumb bitch.
Everything is always someone else's fault. Not that Powell is my friend. But look in the mirror for one freakin second.
Did she just wake up what does higher interest rates do? Creates higher unemployment stagnant housing market and a death spiral.
Bail me out first
So he is a half decent man then is what I am hearing.
A lot of Spidermen pointing at other Spidermen this week
Why is this fake Indian speaking again?
Uh, yeah. I can’t believe I’m defending Jerome, but that’s the fucking point. This is what happens when you engage in rampant money printing and irresponsible fiscal policy. You have to correct it.
Where has she been the past three years? Did she not see this then?
Sounds like a personal vendetta.
Translation: 22 other sensors got bribes and she missed out
Says the cunt who voted in favor for shit fiscal policy… go away you fake ass Indian.
Is the fed supposed to be more concerned with the economy or with the money supply, because I thought their job was the latter.