Thanks, Thom, for yet another well researched and incisive piece of investigative journalism, sadly missing from the rest of the MSM. I would include the Trump administration's $2T tax break giveaway to his wealthy friends and Trump's intimidation of Jerome Powell to keep Fed interest rates at near zero for far longer than otherwise indi…
Thanks, Thom, for yet another well researched and incisive piece of investigative journalism, sadly missing from the rest of the MSM. I would include the Trump administration's $2T tax break giveaway to his wealthy friends and Trump's intimidation of Jerome Powell to keep Fed interest rates at near zero for far longer than otherwise indicated, which drove up the prices of houses that folks could afford and inflated the entire housing market.
Doc Greeley, I doubt that Trump could intimidate Jerome Powell, but that idea would be the default option for those that don't know how the financial system works and cui bono.
The Chairman of the Fed is invariably picked by the board of the FRBNY. There are 12 FR banks, but the NY Bank is head of the snake. And the NY Fed is owned by the major financial institutions, like Goldman Sachs and JP Morgan, 1st Boston. and these institutions finance both parties, but the overwhelming financing goes to the Republican Party, which is always, always pro business and pro finance.
Bill Clinton carved into that action, he was for sale, and benefited from support of international financial institutions, which he mentioned at least 21 times in his speeches, and was well rewarded when he left office, broke and virtually penniless with his own non profit, the Clinton Global Initiative, which paid him a healthy salary, benefits and expenses.
It wasn't intimidation by Trump that manipulated Powell, but pure self interest he knows who the bosses are. You can get a glimpse of them here, just click on list of Primary dealers
Thanks, Thom, for yet another well researched and incisive piece of investigative journalism, sadly missing from the rest of the MSM. I would include the Trump administration's $2T tax break giveaway to his wealthy friends and Trump's intimidation of Jerome Powell to keep Fed interest rates at near zero for far longer than otherwise indicated, which drove up the prices of houses that folks could afford and inflated the entire housing market.
Doc Greeley, I doubt that Trump could intimidate Jerome Powell, but that idea would be the default option for those that don't know how the financial system works and cui bono.
The Chairman of the Fed is invariably picked by the board of the FRBNY. There are 12 FR banks, but the NY Bank is head of the snake. And the NY Fed is owned by the major financial institutions, like Goldman Sachs and JP Morgan, 1st Boston. and these institutions finance both parties, but the overwhelming financing goes to the Republican Party, which is always, always pro business and pro finance.
Bill Clinton carved into that action, he was for sale, and benefited from support of international financial institutions, which he mentioned at least 21 times in his speeches, and was well rewarded when he left office, broke and virtually penniless with his own non profit, the Clinton Global Initiative, which paid him a healthy salary, benefits and expenses.
It wasn't intimidation by Trump that manipulated Powell, but pure self interest he knows who the bosses are. You can get a glimpse of them here, just click on list of Primary dealers
https://www.newyorkfed.org/markets/primarydealers