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@@Freedo1234 Trump won't do that, there is a very good reason why central banks and the Governments are separate as politicians have incentive to always see stocks go up and high employment but that leads to inflation and prices going out of control like Argentina and Turkey so Trump will not do that he will let Powell do his job
Fed rate cuts just make the rich richer and the poor poorer while the only proven way to effectively and permanently deal with inflation is for there to be a permanent return to the Office of Price Administration (OPA) system of prices controls that was successful during and immediately after WW2 when it came to being able to tamp down the greed/avarice of corporate America during that era which greed/avarice is the usual, not the only, but is the usual root cause for inflation. Despite the success of the OPA system of price controls it was done away with after the war by that era's corrupt, incompetent Congress over the objections of President Truman. WELCOME TO THE MAFIA STATES OF AMERICA!
You dont understand do you, you have it backwards.. Interest rates make the poor more poor because Its a hidden tax. Reckless fiscal spending is also what makes the poor more poor through inflation. The rich get richer by inflating asset prices by buying assets with worthless paper called the dollar. Thats why they trade dollars for assets while the poor just spend their money on everything they ever wanted.
There should be no Interest rates at all to use out own money. If America can issue a bond it can issue a dollar. But the issuing power of americas money which is debt is in the control of a privately owned central bank.
@@Paper.Power.Politics In the first place, and as was recently publicly acknowledged by Fed Chairman Powell, the Federal Reserve Banking system is both publicly and privately owned by mandate of federal law and the Fed is accountable to Congress. Secondly, there is no 'debt' involved when we electronically generate we the peoples' $s since we the peoples' electronically generated $s are quite impossible to borrow or payback, for that matter, thus there is really no such thing as a "national debt". You, my friend, have been 'conditioned' which is a polite way of saying that you have been brainwashed.
@@Paper.Power.Politics No, it's not like that, but rather it is really about you taking my words to heart and then doing your due diligence to confirm or disprove what I said. Someone else has posted on their Equity Spending RU-vid channel my nine videos that are the only contemporary documentation of this transitional period from tax and spend to "spend", as in there soon being zero federal tax revenue $s going into our U. S. Treasury, only we the peoples' electronically generated $s going out. You might want to start by viewing video (9)?
