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A Furious Trump Goes After Janet Yellen: "She Is Not Raising Rates Because Obama Told Her Not To"
Having gone after the entire GOP primary playing field, earlier today during a press conference held in his very own Trump Tower, Donald Trump decided to target his ire at a more worth adversary:US monetary policy in general, and Janet Yellen in particular.
This is what he said:
"The question is should the Fed raise rates? They are not raising them because Obama has asked them not to raise them. In my opinion, he wants to get out of office, because we're in a bubble and when those rates are raised, a lot of bad things are going to happen. In my opinion Janet Yellen is highly political and she's not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration.
The clip:
Naturally, the White House promptly denied the allegations: "Of course not," White House spokesman Josh Earnest said when asked about the remarks by Trump. "This administration goes to great lengths to ensure that the Federal Reserve" can make monetary policies that are in the best interests of the country and the economy, Earnest said.
This was to be expected.
Then again, considering today's rally which at least on the surface appears to be on a shift in sentiment (even if it is merely a continuation of the relentless short squeeze seen for the past month), now that a rate hike is again perceived bullish (which clearly does not explain why stocks soared on bearish economic data in October and hopes of rate hike delays) because "what would the Fed know if it is hiking that the market does not", Yellen just may surprise Trump and Obama with a rate hike in just over one month.
Which leads to the question: is Yellen as political as Trump claims, and if so, will Obama risk a market drop just in time for a presidential election that makes his golf game far less pleasant a year from now?
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Bubble? Did he say bubble? Tsk...
As a good businessman/CEO Trump wants that bubble to burst on Obamas watch, not his own...Then he blames Democrats for the mess, claims credit for what passes for the recovery and... Four more years!
Good point. If the bubble bursts, he's probably going to be elected ("we need a no bullshit guy that knows business").
If it doesn't he might even pull out last minute...
Win-Win
It's exactly what the majority of us on this site have been saying for the past six years.
I like the golf reference. Is Trump reading ZH?
Rush Limbaugh does. So, maybe, they talk.
Can't quite understand his angle, but there's nothing about Trumps entire business history that says whatever he is doing is going to be good for any of us.
This is a "hope" con, too. You want to believe that he believes what he is saying...but how could he?
He's playing a game here...
At some point all ambitious types realize that no matter who they are and no matter how rarified the air is in their circle, they are still subject to man's law.
I suspect he has noticed that there is never any prosecution no matter how outrageous the behavior once a certain level of political power is reached, and he wants to gain entry into that too big to prosecute club like all other tyrants.
In other words he wants to become god.
When Trump gets into power his first job should be to throw these Keynesian economic criminals (Bernanke, Yellen, Krugman) into a cell for their crimes.
They will all be living in Europe or China or perhaps Mexico where he cant touch them!
He should hire Ron Paul to audit the Fed, thats what Putin would do if y'all would just vote for him
"Yellen just may surprise Trump and Obama with a rate hike in just over one month."
HAHAHAAH! and I repeat HAHAHAAH! Not happening!!!
Yes son back in my day we had corporations that made money and sold stock to shareholders which was a form of ownership, now all we have is CDE (Corporate Debt Entitities), who long ago bought all the stock back financed with cheap bonds, all they have left are massive debts that they cant service and rich former CEOs.
Bolding Eagle lost his mind. Obama is just a manager at USA Inc. Yellen represents the owners of the USA Inc. The orders usually come the other way. And he wants to fix the problems in America without understanding subordination in the corporation he is planning to manage.
"(T)he Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't, frankly, matter." Greenspew
No wonder ZHers love Trump. He wears the TF hat proudly.
Yup. Lol
You guys know how much debt we have and how soft the economy is. Fed generally follows rates rather than leads them. Without the 2 percent fake hedonically adjusted inflation and ultralow rates it likely gets far worse. The long bond rate is creeping up a bit. Doubt feds do anything but follow rates this time. They will wait for market confirmation it is priced in
No doubt Obama wants no trouble on his watch. GOP has helped him with that and 20 TRILLION
Darn, I was expecting at least 5 minutes worth of insults on her voice and the way she looks.
Are Jews Losing Control of the Media?
http://takimag.com/article/are_jews_losing_control_of_the_media_steve_sa...
"In California, the state with the largest number and greatest diversity of newcomers, immigration is destabilizing the American order in which Jews have thrived.
In recent months, Jewish centrists such as journalists Jonathan Chait and Jamie Kirchick have become increasingly alarmed over whether the Obama Coalition’s identity politics jihad against white privilege, male privilege, straight privilege, and now even cisgender privilege will eventually turn against the privileges of the single richest and most influential ethnic group in America: Jews.
Until the last three years, California’s two most important industries, Hollywood and Silicon Valley, were largely immune to the diversity demands pervasive in the rest of the American economy. Since the 1990s Jesse Jackson had tried his usual shake down routine on Silicon Valley with little to pay for it. Entertainment and high tech were simply too Democratic and too important to America’s balance of trade to allow them to be undermined by quotas."
Why So Much Jewish Fear And Loathing Of Donald Trump?
http://www.vdare.com/articles/why-so-much-jewish-fear-and-loathing-of-do...
'For the last 35 years or so, the neocons have been pushing the GOP to the Left on social issues—and yes, neoconservatism is a Jewish movement. But notice that, as is so often the case, Kampeas’ article presents Jewish interests in a non-European America as fulfilling the loftiest of moral sentiments. It’s all about “pluralism” and “tolerance”—virtues that the great majority of Americans agree with (but of course are completely absent from Jewish rhetoric on Israeli policies). Whites are told they have a moral imperative to become a minority.
This is a rhetoric that is uniquely effective in the West, with devastating results. I believe we must understand such claims for what they are: expressions of Jewish ethnic interests that conflict with the legitimate ethnic interests of Whites in preserving their demographic and cultural dominance in societies they created and have dominated for hundreds and, in the case of Europe, thousands of years.
Given this deep concern that Trump may imperil the project of dispossessing White America, it is not surprising that for some Jewish activists, even the most benign statements by Trump conjure up images of Hitler and National Socialism.'
___
The Frankfurt School of Social Research and the Pathologization of [European] Group Allegiances
http://www.kevinmacdonald.net/chap5.pdf
The parasite killed it's host in 2008. Time to pack up and head for another host/country. It controls the central nervous system(DC) so the zombie still walks, via US gov. debt expansion.
http://www.adamsmith.org/blog/economics/chart-of-the-week-us-household-d...
Obama wants to keep rates at zero for his Wall Street buddies so he can get an armchair job at JPM like low-energy Jeb did at Lehman.
? - ?? - ?
Maybe we should be asking the question about Jackson Hole circe 2012, when the Fed faced with a debt ceiling, and Hilary's Bengazhi decided to initiate another round of QE to run the market and paint the tape so Obama would get re-elected. Hmmm? No politician in office wants to be around when the piper is to be paid and reality sets in.
Be it HIRP, LIRP, ZIRP or NIRP... it's all a Big Slurp by those who still don't understand MMT (Modern Monetary Theory).
When the whole system is just one big fraudulent Debt Casino, are you fake-liberal know-it-alls really going to debate which policy has "more merit"? Doesn't ANYONE see the double-standard, the hypocrisy in criticising ZIRP1, but praising HIRP2?
1. Under ZIRP, Mom & Pop savers do not earn rent-seeking Interest Income, but banks and businesses can do well (cheap finance costs).
2. Under HIRP (High-Interest Rate Policy), Mom & Pop savers do well with their rent-seeking Interest Income, but businesses do not do well with high finance costs.
For those who still don't get it... MMT is "Bad" when rates are low and they benefit banks and businesses or individuals with Income who can finance things cheaply (house, car, the Margin Account), but is "good" when rates are high? When you seek rent from Interest Income, that is 'good', but when businesses seek rent, that is 'bad'?
What part of Fiat Currency, FRB, and Debt-based-money-that-needs-more-debt do you still not comprehend? It matters not what Interest Rate Policy (IRP) you personally cheer for, because it fits into your personal set of benefit. It matters only if you cheer for or against the entire System.
The smart ones here will "get it". As for the rest... well, you can can't fix Stupid or Congenitally Stubborn.
I'd be more impressed if he simply asked "Why do we even need the Federal Reserve"?
This is why the Trump fans are being misled. He's playing politics instead of playing President. Nothing will change until the ability to create currency out of thin air by a private corporation is changed. Until then just smoke, mirrors and bullshit politics.
So, you want him dead before he gets elected? It is better to do what the jews do - say one thing publicly and axct the opposite way secretly. Of course, nobody with big bucks will say get rid of the fed. That would substantially reduce their net worth, and maybe destroy their businesses.
Not a Trump fan, but the man is dead right. The FED is levitating this bubble to protect their Keynesian agenda.
GO GET'EM, DONALD!
Stanley Fischer told her not to raise rates and who told him...
the kind philanthropist who built the Bank of Israel?
Donald Trump's answer to EVERYTHING: "They should get out" or "There are too many people."
Very conspicuously, regarding immigration.
Fairly conspicuously, regarding the Fed.
Not so conspicuously, using the power of imminent domain to take citizen's private property.
Now even less conspicuously, he's even saying it about the people in his own conservative political party who are also vying for the office of president.
All he ever says about anything is either (1) "They should get out." or (2) "There are too many people."
I'm starting to get a little concerned about just who it is he all of a sudden begins to call "they" after he becomes "El Presidente".
"imminent" ... i get the misspelled words, but using the wrong one that sounds like the right one is pretty lame. It makes your post come across as really dumb. How much can somebody know, really, if they don't know the difference between 'eminent' and 'imminent'?
Sincerely,
The Grammar Police
Achtung!
How about the word 'Trumpery'. Correct that.
Donald might be a dangerous loudmouth when he becomes an unwanted loose cannon president. The jews would wreck his presidency with interest rates right away even if his daughter is converted into one of them. It should be an exciting show though, since wreckage is coming sooner or later anyway, might as well turn up with an experienced reality teevee host.
Trump has not yet started calling out specific oligarchs and cabals who are the backers of the washington puppet show yet (excpt the koch bros, and maybe murdoch who are point men for who knows who else specifically) ... will he begin doing that sometime during the election campaign?? Who knows, he may have reasons not to. That may be jumping the shark in ways that we peasants try to comprehend but really cant given that we don't run in those circles.
However I do believe that Trump is NOT confused about who, generally or specifically speaking, gives Obama and the Yellen their orders. When he speaks of Obama telling Yellen what to do, I believe he is using Obama as the proxy name for Obama's puppet masters.
I do the same thing. If I am commenting here or on other blogs/threads and talk about moves Obama is making, it is always shorthand for those who are ACTUALLY deciding and implementing the agenda.
Obama is a con artist/actor who reads a teleprompter very convincingly (convincing for those still under the ether in any event).
Wrong, Donald. She's not raising rates... because, we can't afford it. Maybe a little in December to save face. Otherwise, it's not in the cards. And, her real owners know it.
http://pebblewriter.com/banks-wipeout-ratio-an-update/
WE ARE IN FULL FUCKING RETARD MODE!!!!
Lies and damn lies and Trump is full of it; the Bankers pay good fiat money for these politicians.
Trump is right about one thing: the Fed won't raise rates going into the election because it would bring political turmoil in the US for its corporate shareholders (as well as they also don't want Wall St butt buddy Obama to look bad). If a bubble were to burst before 2016, Bernie/Trump probably gets elected and Wall St and the corporations of America lose control over the ball vice grip they have on Congress and the WH.
These 7 year bubble cycles have always gone neck and neck with POTUS elections where there was no incumbent. If it happened AGAIN, esp after the last one devastated so many, there could be real upheaval in this country not only politically...but also civil unrest and such.
Nader has called on her to raise rates. Trump has. It's pretty obvious what she needs to do and won't do it because corporate buybacks and propping up the assets in the stock markets are more important to these people that actually helping the real economy.
Debt junkie defends his dealer. Turf war ensues between debt junkies, while the dealer smirks and profits most.
Sober people want them all prosecuted for conspiracy to defraud.
End the Fed, and its demonic parent, the Bank of England.
ppl trash talk the donald. i have turned over all the negs, and since my perfect candidte is not likely to appear, i think i am gonna roll with DT. he is jew centric, that is bad, for sure. but they all are. Carson will take a big jew hard one up the a@@ in public - proudly - to show his adoration. Plus he is a wicked neocon. The phoney soft 'charm' while he reads pages right out of the zionist playbook.
Rand just faded away. But you dont have to be the president to have an influence. Ha, after all, look at what the jews do. They control the planet by whispering inot the ears of leaders, and they themselves remain in the shadows. so i'm liking the donald. I understand the compromise, but in a game of degrees, he is the east likely to suck on zionist wood for favors.
He might in the end, but we know for sure the others will, straight up. DT at least doesnt project that. 'I love israel' he says, but he say 'everybody is a great guy'. but that is a habit of his. everybidy is a great guy, but really, in his mind, i am sure a lot of who he says are 'great' he is pretty sure they are total a$$hole@.
I'll give carson some creds for being a brain surgeon, but i would not want a nigga fixin' my brain.
'the surgrey was a success! you'll be 100% in no time.'
'Thank you doctor'
And as my brain intends to send a signal to my arm to raise it and shake Ben's hand, my leg lifts up and kicks the nurse standing behind me :)
Savers, you are fucked! Everything you ever learned, as a kid has been turned up side down. ObowMe has stuck it up your anal aperture, while Yellin claps like a seal, with that thin lipped grin on her face, as she rocks on Bernacke's bald haid! Right on, you dummies! Like me, I've never spent more than I had, I've saved and never borrowed and now I'm the idiot. While the to dorks in the WH, Supreme Court and in the People's House etc. they laugh at us, as they cash out. Boner is ready to cash in, like that dork that lost his seat to Cantor, but Cantor got on the board of a NYC too Big to Jail Bank.
Face it, the laughs on us. Hang 'em high!
Election is 12 months away.
What could happen in 12 months?
It's not 'Bubble', it's 'Strong Recovery' according to CNBC.
I think he is kind of right. Yellen will do it to discredit 'conservatism'. Which is a bit ironic, since there is no such thing in politics today.
Donald is right about Interest rates
And he is right about tariffs
What do tariffs do. They create inflation because we produce things more expensively than China and Vietnam do.
Now the theory goes rising tide lifts all ships, but its more like a youtube and a rising tide, one of the ships gets proportionately lifted a whole lot more than the other one. And we have lost our edge.
The theories were all made for a closed system, including printing money. In a globalized world the Fed has printed enough to cause a global asset bubble.
So slap tariffs on. Bring manufacturing home. See the prices of stuff increase. Inflation to increase, interest rates to go up, money in the pockets of the working class again taxes to increase, and asset bubbles to go down.
Donald is one hundred percent right.
And for the first time I forgive him for being a mean doofus and will vote for him. Because he is SOOOO right...and now one else would even dare.
So he gets my vote for having cohones. Big ones.
I'll say this much, it'll get very interesting when the Donald is filled in on all those parts of the big story that he is currently ignorant of...
Whoa! Hold on here, Skippy. Aren't you giving POTUS Odorko waaaaaaaaaaaaaaay too much credit? Oputz can't see past his selfie... so Trump is wrong.
Josh Ernest said the administration goes to great lengths to ensure the Fed acts in the best interest of the economy and country. What great lengths?? That would have been my immediate next question.
If Obama did in fact request the Fed not to raise rates, wouldn't that implicitly belie his grandstanding in regard to the economy's performance under his watch?? We're talking about a 250 bp rise.......OFF ZERO! This tells me everything I need to know about the current status of the economy. Janet's blather is just noise.
We do know 'Head Pinko Commie In Charge at the IMF, Christine LeGarde, 'requested' the Fed not raise rates. OBozo is not bright enough to understand monetary theory or policy, but someone pulling his strings does. DT is not stupid. He may know more than we givre him credit for. I also like Cruz but he is too entrenced in the political system. I voted twice for Ron Paul. DT is the closest we will get to a non-status quo chance this election cycle. He can't be any worse than other leaders in my lifetime. Kennedy was killed when I was two. Its been downhill ever since.