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

Spot on. Few on the right are public with that, but it's changing. IDGAF if you love or hate Cenk of TYT, he's spot on with Wolfpack. Right left or center, America's LAST hope is to get that money out IMO.

 

I'm not talking about parties, I'm talking about political traditions. From the beginning of our nation through today on both the right and left ends of the political spectrum the embers of democratic populism have burned.

 

Not only would it be fundamentally dishonest, a theft from investors in other nations, but it would also permanently ruin the credit rating of the United States, meaning if the country ever wants to borrow money in the future in an emergency (like a large war), the interest rates are going to be very high, if anyone else will even lend the country money.

Also a large part of old people's retirement bonds and pensions are made up of Treasury debt. You stop paying on that, it's like stopping payment of money to all those retired people. A large part of the Social Security fund is backed by Treasury debt too.

 

Also a large part of the Fed's Reserve Assets are just Treasury debt. So canceling the debt is fundamentally no different than printing money to pay for it, you can't escape the inflation.

I think maybe half the Reserve Assets are Treasury debt right now, so that would be somewhere around 100% inflation.

 

Meaning?

 

All you have to do is look at the Fed rate under Obama and then right after Trump takes office.

 

Herman Cain is a nut job

Okay so I'm looking for what's going on with the rate over time


https://www.gannett-cdn.com/media/2...ODAY/636808259390271099-121918-Fed-ONLINE.png

As you can see I still haven't mastered images here on my tablet

yes the rate went up after 2016 from a quarter of a percent to two and a half ppercen

weather that is political or not or what's going to happen anyway it's what the FED it supposed to be

 

Like all the Quantitative Easing (printing money) during the previous administration?

 

Or Venezuela? A plantain cost as much as a house did 25 years ago

I never heard did Russia get out like Donald Trump told them to?

 

For sure. Glad we haven't been doing that since the Obama administration. That is why inflation is currently under control.

 

I don’t think so.

 

This can't be good

 

The whole system isn't "good". Having Nutjobs like Trump and Cain and Moore is VERY scary to those who have any idea of the possible pitfalls.

 

Meaning exactly what it says. It is suggesting more, however, my prediction for the future of our politics. I think that Trump is only the beginning of the dismantling of the neoliberal order that has prevailed for nearly 50 years. The fall of the Soviet Union was the fall of the last great European Empire, and it is having greater consequences than most realized.

 

Liberals have already politicized not just everything in Washington, but everything in our society.

 

You mean the policy trump just suggested?

 

Neither one of them measured up couldn't cut it!!!

 

Maybe they were triggering you.

The banking system would collapse.

I didn't. You don't have a clue.

 

Of the Omaha Branch, not the Kansas City Fed.

We should take your word for it?

 

You're almost a textbook case of racism by your own admission. Why?

 

Propaganda.

 

Yeah, the global banking system didnt almost collapse in 2008, taking down the global economy, requiring trillions of dollars to be funneled to the culprit bankers that over leveraged and caused the mess. Must have been a dream

 

The banking system nearly collapsed in September 2008, but not because of the Federal Reserve. In fact, the Fed warded off a depression with quantitative easing when the government was unwilling to address the problem it created through deficient regulation. We had a collapse of lending which exacerbated a drop in consumer spending and business investment. Government failed to create conditions where aggregate demand, a combination of consumer, business, and government spending, was sufficient to stop the economy from failing.

Herman Cain would have been a Trump stooge on the Board. This is no way to run a banking system and would have put us on a path where business loses confidence.

 

They facilitated the bubble in the first place.
Yay for the superheroes, "warding off" their own **** up

 

You’re joking? The Fed has been politicized since it’s birth. It’s existence is rife with politics, and every politician has used it. Want to un-politicize it, demand its abolition and let private banking compete in a capitalist market.