https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
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.
...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.
Popcorn run …..
view the rest of the comments →
BigFatDaddy ago
The Federal Reserve? I remain skeptical. I still like President Trump, but come on. He's no Andrew Jackson.
Oh_Well_ian ago
We actually need far fewer skeptics around here.
My experience is that skeptics do ZERO heavy lifting and are more likely to be dragging down the team.
BigFatDaddy ago
So you're saying. . .
Listen and believe?
NoisyCricket ago
No, what's he's saying is that there is an abundance of contrarian view points. You adding yet another in the sea of contrarian viewpoints does nothing but waste everyone's time. In a sea of contrarian viewpoints, insisting that everyone listens to yours, not only fails to add value, but it comes across as annoying and a distraction.
Take a step back. Do you honestly believe your comment added value to the discussion? Do you honestly believe most people here fail to understand the significance of centralized banking to the detriment of the world? Do you honestly believe people don't already understand that the Federal Reserve is a private organization which has never been audited?
When you say, "I remain skeptical", what do you expect people to do with that? Honestly, who cares.
We are all hopeful yet skeptical. We wouldn't be here if we were not cautiously hopeful. Which is another way of saying cautiously skeptical. We all want the hammer to fall. Yet adding it to posts simply makes you sound like a shill. You're coming across as a "concerntroll." Which I also associated with you in another thread. I rarely pay attention to poster names, yet I noticed you. If I noticed you, I'm absolutely sure others are too.
To be clear, @Oh_Well_ian isn't saying sit down and shut up. Period. He's saying don't comment unless you have a meaningful contribution. Because playing the concerned troll benefits no one and can only become a negative attribute to the community. As such, if you have something insightful, great! If not, sit down and shut up until you do. Because you parroting what we are already hearing and are fully aware is dumb.
Oh_Well_ian ago
Thanks for articulating that.
I don't have nearly the patience as you..