Trump is not in control of the Fed. The Fed is more in control than ever.
The Fed has been gifted a $454 billion slush fund and granted complete secrecy over their meetings/decisions re how to disperse these funds. This actually amounts to more Fed power coupled with a complete lack of scrutiny
Are you fucking kidding me??? My God, that would literally be the single greatest act of any President, second ONLY to Washington's leading us to our independence!
I await proof, but it sounds EXACTLY LIKE what Geotus would want to do. We'd better be ready to ICBM those Fed cockroach bastards, all of them, or else. Godspeed...
The stimulus bill gives about $400 billion to the Fed, which through the magic of fractional reserve banking allows the Fed to pump $4 trillion into the commercial securities market. The way that money can be spent is nominally under the control of the Treasury department because they are supplying the initial collateral, but nothing about normal Fed operations outside of this program has changed. Trump has never made any serious indication that he wants to end the Fed; he frequently expresses annoyance when they don't do what he wants them to do but that's very different than wanting to end it entirely.
Why does the Federal Reserve need $454 billion from the U.S. taxpayer to bail out Wall Street when it has the power to create money out of thin air and has already dumped more than $9 trillion cumulatively in revolving loans to prop up Wall Street’s trading houses since September 17, 2019 – long before there was any diagnosis of coronavirus anywhere in the world.
Trump is not in control of the Fed. The Fed is more in control than ever.
The Fed has been gifted a $454 billion slush fund and granted complete secrecy over their meetings/decisions re how to disperse these funds. This actually amounts to more Fed power coupled with a complete lack of scrutiny
https://www.counterpunch.org/2020/03/27/stimulus-bill-allows-federal-reserve-to-conduct-meetings-in-secret-gives-fed-454-billion-slush-fund-for-wall-street-bailouts/
Are you fucking kidding me??? My God, that would literally be the single greatest act of any President, second ONLY to Washington's leading us to our independence!
I await proof, but it sounds EXACTLY LIKE what Geotus would want to do. We'd better be ready to ICBM those Fed cockroach bastards, all of them, or else. Godspeed...
The stimulus bill gives about $400 billion to the Fed, which through the magic of fractional reserve banking allows the Fed to pump $4 trillion into the commercial securities market. The way that money can be spent is nominally under the control of the Treasury department because they are supplying the initial collateral, but nothing about normal Fed operations outside of this program has changed. Trump has never made any serious indication that he wants to end the Fed; he frequently expresses annoyance when they don't do what he wants them to do but that's very different than wanting to end it entirely.
As if, had Trump really made himself the de facto chairman of the Fed, the MSM wouldn't be in hysterical meltdown mode.
Unless they are too stupid to realize it OR they understand that if citizens actually knew this, his approval rating would be above 75%.
Why does the Federal Reserve need $454 billion from the U.S. taxpayer to bail out Wall Street when it has the power to create money out of thin air and has already dumped more than $9 trillion cumulatively in revolving loans to prop up Wall Street’s trading houses since September 17, 2019 – long before there was any diagnosis of coronavirus anywhere in the world.