Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

  "Trump Taking Over the Fed" - Jester's Place Chat Highlights 7/27/18

Go down 
AuthorMessage
Ssmith
GURU HUNTER
GURU HUNTER
avatar

Posts : 17121
Join date : 2012-04-10

PostSubject: "Trump Taking Over the Fed" - Jester's Place Chat Highlights 7/27/18   Sat Jul 28, 2018 9:09 am

Jester’s Place

[JESTER] HELLO AND HAPPY THURSDAY EVERYONE...

[JESTER] SO... NO ONE SAW THE TRUMP TAKES OVER THE FED POST ON THE FB PAGE? I WOULD OF THOUGHT YOU WOULD BE BAITING ME ON THAT SINCE I JUST HINTED AROUND THERE...

[truth] JESTER I saw it, hope that happens soon

[RPharmer] Jester I did. Read it and was getting excited!!

[JESTER] SERIOUSLY? THAT'S ALL YOU GOT? HMMM....

[Pollyp] Jester I did. Sounded like it would be a slow go if they all have to go through congressional approval....no?

[JESTER] THIS IS FREEEEEEEEEKING HUUUUUGGGEEEE....

[chuck60] JESTER What little I have read about it, is that Trump is appointing his own Board Governors, which is a pretty slick start! Wink

[RPharmer] Jester I was hoping that would be the door opening for the gold back currency

[JESTER] THIS IS ONE OF THE PUZZLE PIECES WE HAVE BEEN LOOKING FOR... THEY ARE TAKING CONTROL OF SOMEONE ELSE'S PRIVATE BANK....

[diditrvyeet] JESTER if the FR is privately owned how can he take it over

[JESTER] YOU DON'T THINK THOSE GUYS ARE WEIRDING OUT RIGHT NOW?

[chuck60] JESTER They better be! It's only a matter of time!

[JESTER] diditrvyeet IF THE BOARD OF GOVERNORS ARE UNDER HIS CONTROL WHO IS RUNNING THE SHOW YOU THINK?

[diditrvyeet] JESTER ok, that would have some pull

[diditrvyeet] JESTER that would have me JFK nervous for the pres.

[Rebel Girl] "The Fed has created the conditions for a permanent Depression so it can provide infinite cheap money to its crooked reprobate friends on Wall Street. Now their little party is coming to an end."

[Sandhaul] Jester is there a chance it will ever go away totally?

[JESTER] Sandhaul HOLD THAT THOUGHT...

[chuck60] Rebel Girl One day they will go to the Federal Reserve ATM, and find that their pin numbers have been deactivated! Lol

[Rebel Girl] chuck60 lol Soon I hope

[JESTER] NITE ALL!

Dick Bove: Trump poised to take control of the Federal Reserve

President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.

Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.

The result could be a more politicized Fed.

Richard X. Bove

Published 11:58 AM ET Fri, 20 July 2018 Updated 6:26 PM ET Fri, 20 July 2018

President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader in pushing stringent regulation on the nation. By raising interest rates and stopping the growth in the money supply it stands in the way of further growth in the American economy.

First, He Can

The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their position by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.

The Federal Open Market Committee has 12 members and sets the nation’s monetary policy. Seven of the 12 are the members of the Board of Governors. Five additional are Federal Reserve district bank presidents. Other than the head of the Fed bank in New York, who was nominated by the president, the other four can only take their positions as district bank presidents if the board in Washington agrees to their hiring. One of these, the Fed Bank president in Minneapolis, Neel Kashkari, is already arguing for no further rate increases.

Trump’s comments on the Fed were a big deal. Here’s why 6:19 PM ET Fri, 20 July 2018 | 02:05

Second, Regulation

Following the passage of the Dodd Frank Act in July 2010, the Fed was given enormous power to regulate the banking industry. It moved quickly to implement a number of new rules. The Fed set up a system that would penalize banks that failed to obey its new rules. These rules included setting limits as to how big an individual bank could be; how much money the banks had to invest in fed funds and Treasurys as a percent of their assets; which loans were desirable and which were not; where the banks had to obtain their funding and many, many, more up to and including how much a bank could pay its investors in dividends.

These rules have meaningfully slowed bank investments in the economy (the Volcker Rule) and they have had a crippling effect on bank lending in the housing markets (other agencies have had an impact here also).

Thus, of all of the government agencies the Fed has been possibly the most restrictive. The president has already moved to correct these excesses by putting in place a new Fed Governor (Randal Quarles) to regulate the banking industry.

Three, Killing Economic Growth

In the second quarter of 2018, the growth in non-seasonally adjusted money supply (M2) has been zero. That’s right, the money supply did not grow at all. This is because the Fed is shrinking its balance sheet ultimately by $50 billion per month. In addition, the Fed has raised interest rates seven times since Q4 2015. Supposedly there are five more rate increases coming.

This is the tightest monetary policy since Paul Volcker headed the institution in the mid-1980s. It will be recalled his policies led to back-to-back recessions. Current Fed monetary policy is directly in conflict with the president’s economic goals.

Moreover, the Treasury is estimating it will pay $415 billion in interest on the federal debt in this fiscal year. A better estimate might be $450 billion if rates keep going up. There are a lot of bridges and tunnels and jobs that could be created with this money.

Then there is inflation. It is likely to rise if the Fed eases its policies. If that happens paying down the federal debt becomes easier. On a less desirable note, higher interest rates lower real estate values. Lower rates that stimulate inflation increase real estate values.
Bottom Line

The president can and will take control of the Fed. It may be recalled when the law was written creating the Federal Reserve the secretary of the Treasury was designated as the head of the Federal Reserve. We are going to return to that era. Like it or not the Fed is about to be politicized.

https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
Back to top Go down
View user profile
 
"Trump Taking Over the Fed" - Jester's Place Chat Highlights 7/27/18
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: GURU FICTION & PREDICTION DAILY-
Jump to: