BILLIONAIRE DONALD TRUMP SAYS FAKE MARKETS WILL COLLAPSE ON JANUARY 1ST

by Jeff Berwick, The Dollar Vigilante:

“If it was a choice between the right decision and a political decision… The Fed would choose the political decision.”

A few days ago, Donald Trump made this blunt statement and then added that the market “will remain at artificially high levels until January 1st.”

This came not long after he slammed Fed chairwoman Janet Yellen in a CNBC interview. He told the interviewer that she should be “ashamed” of her “very political” and “false” market.

He claimed that the reason interest rates won’t increase prior to the election is because Yellen and the Fed are trying to bolster Barack O’bomber’s legacy (or lack thereof).

Donald Trump created controversy when he blasted Yellen. But, really, he should have gone a lot further. He is attacking Yellen for interest-rate actions she won’t take, however, he really should be attacking the system itself. Real reform doesn’t involve replacing Yellen, but replacing the Fed itself with a free-market money system.

In any event, Yellen can’t hike rates hard because the carrying cost of the US’s $19 trillion of national debt would explode if rates moved much higher.

Read more at original source:

Share this page

Leave a Reply

Your email address will not be published. Required fields are marked *