The Fed IS a useless and crooked. I should be investigated. We do not need 9 to 12 governors who know very little about anything managing a country that is quietly going broke, with every banker dipping into the till. The building that is being renovated was given to contractors who are also scamming. You do not need 2.8 billion dollars to redo a building with great bones, and elevators that work. You do not need a fancy restaurant and spa, and gym....in a building where meetings and work should take place. The contractors must have seem Powell coming. The best thing we can do is redo this entity.
I agree; the Federal Reserve is not really independent. But President Trump is taking this point to the extreme.
My own thinking is that a quasi-government entity shouldn't be involved in setting interest rates. It's price fixing, in a slightly different form. It's setting the price of money.
I like this author, but blaming the gold run on DT discredits him big. Trump did not weaponize our currency, did not start the war with Russia and did not invent deficits. With some reluctance, now think I overestimated this author.
When measured against gold, the dollar has lost 96% of it's purchasing power since 2,000. DJT didn't start this but seems hell bent on destroying the dollar...
Thanks for reading, John. I didn’t say Trump weaponized the currency, invented deficits, or started the war with Russia. But gold doesn’t care who started the fire. Gold cares who’s throwing gasoline on it now. And there’s been plenty of gasoline thrown since Trump stepped into office. A weaker dollar is a stated policy aim of the Trump admin, and the dollar is down over 11% over the past year. Gold is sharply higher. Neither outcome is surprising. That’s also why central banks have been buying.
The Fed IS a useless and crooked. I should be investigated. We do not need 9 to 12 governors who know very little about anything managing a country that is quietly going broke, with every banker dipping into the till. The building that is being renovated was given to contractors who are also scamming. You do not need 2.8 billion dollars to redo a building with great bones, and elevators that work. You do not need a fancy restaurant and spa, and gym....in a building where meetings and work should take place. The contractors must have seem Powell coming. The best thing we can do is redo this entity.
I agree; the Federal Reserve is not really independent. But President Trump is taking this point to the extreme.
My own thinking is that a quasi-government entity shouldn't be involved in setting interest rates. It's price fixing, in a slightly different form. It's setting the price of money.
I like this author, but blaming the gold run on DT discredits him big. Trump did not weaponize our currency, did not start the war with Russia and did not invent deficits. With some reluctance, now think I overestimated this author.
When measured against gold, the dollar has lost 96% of it's purchasing power since 2,000. DJT didn't start this but seems hell bent on destroying the dollar...
Thanks for reading, John. I didn’t say Trump weaponized the currency, invented deficits, or started the war with Russia. But gold doesn’t care who started the fire. Gold cares who’s throwing gasoline on it now. And there’s been plenty of gasoline thrown since Trump stepped into office. A weaker dollar is a stated policy aim of the Trump admin, and the dollar is down over 11% over the past year. Gold is sharply higher. Neither outcome is surprising. That’s also why central banks have been buying.