Seamajor
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DD you lie like a rug. You’ve claimed all types of education and occupations. You are a born liar. It is cool how you’ve fucked up your life.
Trump threatens to meddle with the Federal Reserve, leading to the dollar falling to new lows
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@Reggie_Essent @Courier 6 Can you guys ‘Splain how a crashing dollar is all part of God Emperor Trump’s divine plan for make benefit America?
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Can Admin explain why he was all hysterical about tariffs a few months ago and claimed the world was going to end, but today is strangely quiet about the actual budget surplus and $27 Billion in tariff revenue just last month?
To summarize, because I know Adminge is a lazy fuck and won't actually click on the link:
- Summary
- US Treasury reports small budget surplus for June
- Gross customs duties reach $27 billion in June
- Bessent says US 'reaping the rewards' of Trump's tariff agenda
- Treasury chief says US tariff revenue could reach $300 billion in 2025
Joe
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What happens if Trump fires the Fed Chair or installs a Yes Man into that position :
...a lot more inflation apparently.
GUEST ESSAY
By Rebecca Patterson
Ms. Patterson is an economist who has held senior positions at JPMorgan Chase and Bridgewater Associates.
President Trump is ramping up his campaign for lower interest rates. It is a high-risk and potentially self-defeating effort.
, Mr. Trump has called for the Federal Reserve to ease monetary policy, to which he’s added calls for its chair, Jerome Powell, to resign. In recent days, the administration appears to have opened a dangerously novel front, even if it is potentially legal: .
The risk of allowing the central bank to be perceived as a political tool is depressingly obvious, illustrated by even a cursory review of similar efforts overseas. Even if the American economy and financial markets are strong enough to moderate the impact of the Fed’s tarnished reputation, the directional response seems clear: higher long-term borrowing costs for households and businesses and a weaker currency that would support inflation.
Let’s look at Hungary and Turkey. Leaders of both countries, faced with budget deficits, inflation pressures and a desire to increase growth (sound familiar?) have broken institutional standards and changed laws to ensure that their central banks support the government’s political aims. That has usually led to lower interest rates aimed at speeding up the economy.
In Hungary’s case, the central bank was made independent in 1991, but the government over the past 15 years or so has repeatedly tried to influence monetary policy decisions. It has stacked the deck by increasing the number of monetary policy council voters. After a that weakened the bank’s independence, all three Hungary’s sovereign credit rating to junk, pushing borrowing costs higher and causing its currency, the forint, to fall.
Government efforts to control the bank continued anyway, most recently through introduced this year by Prime Minister Viktor Orban’s Fidesz party, which would expand the council further, to 11 from nine, including another deputy governor to be selected by Mr. Orban.
...a lot more inflation apparently.
GUEST ESSAY
If You Like 35 Percent Inflation, Go Ahead, Fire the Fed Chair
July 15, 2025, 5:01 a.m. ET
By Rebecca Patterson
Ms. Patterson is an economist who has held senior positions at JPMorgan Chase and Bridgewater Associates.
President Trump is ramping up his campaign for lower interest rates. It is a high-risk and potentially self-defeating effort.
, Mr. Trump has called for the Federal Reserve to ease monetary policy, to which he’s added calls for its chair, Jerome Powell, to resign. In recent days, the administration appears to have opened a dangerously novel front, even if it is potentially legal: .
The risk of allowing the central bank to be perceived as a political tool is depressingly obvious, illustrated by even a cursory review of similar efforts overseas. Even if the American economy and financial markets are strong enough to moderate the impact of the Fed’s tarnished reputation, the directional response seems clear: higher long-term borrowing costs for households and businesses and a weaker currency that would support inflation.
Let’s look at Hungary and Turkey. Leaders of both countries, faced with budget deficits, inflation pressures and a desire to increase growth (sound familiar?) have broken institutional standards and changed laws to ensure that their central banks support the government’s political aims. That has usually led to lower interest rates aimed at speeding up the economy.
In Hungary’s case, the central bank was made independent in 1991, but the government over the past 15 years or so has repeatedly tried to influence monetary policy decisions. It has stacked the deck by increasing the number of monetary policy council voters. After a that weakened the bank’s independence, all three Hungary’s sovereign credit rating to junk, pushing borrowing costs higher and causing its currency, the forint, to fall.
Government efforts to control the bank continued anyway, most recently through introduced this year by Prime Minister Viktor Orban’s Fidesz party, which would expand the council further, to 11 from nine, including another deputy governor to be selected by Mr. Orban.
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OP
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Lily
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Nixon did that when he was President and it contributed to the massive inflationary cycle of the 1970s. Nixon got that Fed Chair to lower interest rates.
So there could be a repeat of it later this decade after Powell is gone.
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Lily
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Things move much faster now than they did then.
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Hey @Admin.
I asked you a question, pussy. Instead of answering you let Old Joe meatshield you. CANADIAN JOE for fucks sake.
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That’s nice.
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Joe
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Hey Reggie!
How's it swingin'?
Y'know even if the tariffs bringing in the $300 Billion revenue, the US is still posting trillion dollar deficits.
$1.3 trillion - $300 million = Trillion.
So yer deficits are worse than last year when you had a Biden Administration eh @Reggie_Essent ?
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Lily
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Sure thing, Joey. The world's on fire and everyone's going to die because Trump. Got it.
Totally! Deficits only matter when a filthy Democrat is in office!!!!!
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Which way are the tariff winds blowing today Rage-O-Matic?Sure thing, Joey. The world's on fire and everyone's going to die because Trump. Got it.
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By some measures, tariffs will balance the budget and start running surpluses by 2030.
By then all the inferior illegal third worlders will be gone, all the careerist bureaucrat deep state scum will have been fired and most of the hard core Leftists will have been rounded up and run through the industrial death camps and turned into fertilizer to spread on our crops.
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‘Be sure to drink your kool aid!’ Ragey’s mantra
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