Herman Cain and Stephen Moore are the beginning of Trump's 'politicization' of the Fed: Barclays

Cain was a Kansas City Fed chair.
As qualified as any of the bank stooges that have held the office in the past 25 years

 

Sure, Maduro way.
How is that working out for Venezuela?

 

So naive as to be unworthy of discussion. Fantasy NONSENSE.

 

It would definitely be messier than that. The sudden fall in assets held by numerous organizations, both American and foreign, would send shockwaves throughout the world economy in the same way that American sub-prime mortgages did over a decade ago.

 

And yet you can't bring up one thing to prove your argument.

That's funny.

I am more than willing to be proven wrong but I guess you aren't the man for the task.

 

I'm embarrassed to have to explain this to you, but the United States is not Venezuela.

My question was simple: What are the pros and cons for what I proposed above?

 

Here's a question, I'm betting you can't answer. Don't bother googling, the definitive answer probably isn't there, but among those considered "in the know" who is effectively the worlds richest man?

 

Well of course, but it would pass.

I never said it would be without consequences, only that we could do it and the consequences would be minor compared to trillions in debt.

 

He who is in love with his wife?

 

A google search provided BY YOU would smack you down. If you're unwilling to do that much work, why would I for you? You feel an ignorance first naive "hope for the best" startegy is wise. As I've said, it makes you an IDEAL Trump supporter, he has no clue, you have less.

 

No, I'm talking real world wealth and power. It's one man, if you knew ANY actual rich folks, you'd know this.

 

How would the bankers feel?
Of course we don't actually print, and the private Fed doesn't print for the treasury either. It is forbidden

The primary bond dealer banks purchase USTs from the gov via each other. The Fed creates currency, purchases the bonds from the banks and places them on its books

 

That all you got?

 

No it was all YOU had when you made idiotic fantasy staements.

 

That would be Bezo

Though if you are talking power then it gets complicated.

 

Sure. But that could be said of any disaster. We should still be wary of them.

But as I said above, with a little nuance default is a viable strategy for dealing with our foreign debt. And I do believe that we are going to partially default to a large number of foreign governments. Just to give a single example: I don't believe that China is going to exist in it's current form for much longer, and whatever entity or entities replace it are going to have to negotiate some kind of partial debt payment with the United States.

I don't think we're even going to need to default, we're just going to get lucky. That's a good habit of ours.

I don't really see the difference between a default and a permanent debt in which the United States aggressively negotiates for low interest payments.

 

They would feel fifty years of accumulated power slip from their grasp.

I know, that's implied in me asking about thoughts on an alternative system.

 

From what I've heard that seems to be the common consensus though it's not talked about a lot.

 

NOT even REMOTELY close. Even JUST money. Bezos might look good on paper, but I think Carlos Slim is richer and more powerful both, but still.....

It's this man, and EVERYONE knows this..



In power AND liquid assets. You see mercy coming from that quarter, you are even MORE naive than I take you for which would be an achievent!

 

Somehow all the big gov worshipers would disapprove. The tax the rich crowd would cry foul. They think allowing the banks to skim trillions from us, while we drown in unserviceable debt is good for us

 

So on paper I was right.

I accept your apology.

And you can quit hitting on me now.

 

I think that people, especially intellectuals, pretend that the world is going to return to some "normal" after the waves of populism have died down.

I think that we're just seeing the beginning of a massive destabilization that will turn our world into something almost unrecognizable.

 

The U.S. Debt is in the form of bonds. You cannot force the debtor to pay before she date.
And how does the U.S.aggressively negotiate interest rates? How did you even come up with that?

 

Venezuela already has that exact same alternative system.

 

Both the American right and left have traditions of opposing the growing power of the financial elite. These wings of our body politic have been weak for half a century, but I don't think that's going to last.