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TimeBits (OP)
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Activity: 224
Merit: 62
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July 06, 2019, 07:43:22 PM
Last edit: July 06, 2019, 08:04:10 PM by TimeBits |
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Constitution:
No State shall enter into any Treaty, Alliance, or Confedera-tion; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.
Looks like you guys better get mining the next 10 solar systems to pay back all the debt.
The FED and Richard Nixon have no regard for the constitution.
They created the FED illegally on Christmas when no chairman's were around, JP Morgan and Rothchilds.
The Federal Reserve Is The Culprit In America's Financial & Moral Bankruptcy -RonPaul
Our most difficult problem is not our competitors, it is the Federal Reserve! -DonaldTrump
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TurboRyzen
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Activity: 66
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July 06, 2019, 08:32:53 PM |
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He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
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TimeBits (OP)
Member
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Activity: 224
Merit: 62
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July 06, 2019, 08:46:38 PM |
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He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
If he does not have the power to stop them, what is the point of having a leader? |
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BADecker
Legendary
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Activity: 3766
Merit: 1367
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July 06, 2019, 09:00:28 PM |
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He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
If he does not have the power to stop them, what is the point of having a leader? Being a leader doesn't make anyone a superman. Shutting down the FED is something Congress wouldn't allow.  |
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TimeBits (OP)
Member
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Activity: 224
Merit: 62
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July 06, 2019, 09:57:45 PM |
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He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
If he does not have the power to stop them, what is the point of having a leader? Being a leader doesn't make anyone a superman. Shutting down the FED is something Congress wouldn't allow. They should of never allowed it to begin with, It was and still is illegal. |
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BADecker
Legendary
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Activity: 3766
Merit: 1367
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July 07, 2019, 12:56:02 PM |
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He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
If he does not have the power to stop them, what is the point of having a leader? Being a leader doesn't make anyone a superman. Shutting down the FED is something Congress wouldn't allow. They should of never allowed it to begin with, It was and still is illegal.
Bitcoin is barely heard of by regular, average people of almost every country. So, even though BTC is a start, it isn't anywhere near being the thing that is needed to take over.
Here is where Trump is making a start. I think he knows what he is doing. Keep in mind that the U.S. Government's borrowing (from the FED) power is based on projected income tax collections.
They hate Trump so much they're willing to . . . give up the personal income tax?Back in 1919 — exactly a century ago — New York state's politicians announced they faced a "revenue shortfall." (That's what greedy politicians always call it when they've bought votes by overspending their income, as in "I bought that nice speedboat and trailer, and jewelry for my mistress, and now that it's time to buy groceries for the family I seem to be facing a 'revenue shortfall.' I wonder how much I can get if I put a tax on kids' lemonade stands?")
The end of the First World War in November 1918 meant New York munitions factories faced a steep drop in profits, you see, reducing the revenue the state government had been bringing in with its "corporate tax." At the same time, it was clear that alcohol would soon be banned across the country. (A double whammy!)
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Allow me to be the first to congratulate the citizens of the state of New York on the fact they are now one court case away from being forever free of their noxious, redistributive, initiative- and wealth-destroying state income tax.
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Wow, they’re so anxious to “get Trump” that they’re actually willing to destroy the myth of FEDERAL “tax return confidentiality” — to have the FEDERAL income tax thrown out as “an Unconstitutional Violation of the Fifth Amendment guarantee against self-incrimination” — reducing federal revenues by about one-third.
Hallelujah for Trump Derangement Syndrome. Will miracles never cease. |
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squatz1
Legendary
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Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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July 07, 2019, 09:15:44 PM |
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Trump is pretty much pushing for a rate cut, and with the economy not showing signs of slowing down (with the newest jobs report being good), the Fed isn't going to want to do this for him. And this makes sense in my eyes, we can't have low rates forever because if a recession is to come and we have low rates -- we can't cut rates as a way to spur growth.
In an economy like this, we need to increase interest rates -- so we will have a way to save ourselves if a recession comes.
Obviously, Trump's mind is on a much shorter term, as he needs the economy to stay stable for another 2 years for him to get reelected. So that's his line of thinking, and I honestly don't blame him for this. Put anyone in the same position and they would do that too.
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BADecker
Legendary
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Activity: 3766
Merit: 1367
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July 08, 2019, 01:35:40 AM |
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Trump is pretty much pushing for a rate cut, and with the economy not showing signs of slowing down (with the newest jobs report being good), the Fed isn't going to want to do this for him. And this makes sense in my eyes, we can't have low rates forever because if a recession is to come and we have low rates -- we can't cut rates as a way to spur growth.
In an economy like this, we need to increase interest rates -- so we will have a way to save ourselves if a recession comes.
Obviously, Trump's mind is on a much shorter term, as he needs the economy to stay stable for another 2 years for him to get reelected. So that's his line of thinking, and I honestly don't blame him for this. Put anyone in the same position and they would do that too.
Do what it takes to buy a little Bitcoin. The FED will end, and the $dollar will crash. When the FED and $dollar crash, for a moment - a week or a month - Bitcoin will soar. But most people won't understand what is happening. They will still be so used to the $dollar that they will accept the Bitcoin valuation of, say, $1,000,000 per bitcoin, and buy some off you as an investment. You can sell off a little of the Bitcoin you have, and buy some fertile land with its own fresh water supply. This will give you a place to live off the land after the $crash. But get ready now. Nobody knows when the $dollar will crash. It could be now, a month, or a year or longer. Nobody knows. You might have time to get things ready for yourself. |
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squatz1
Legendary
Offline
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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July 08, 2019, 04:53:24 AM |
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Trump is pretty much pushing for a rate cut, and with the economy not showing signs of slowing down (with the newest jobs report being good), the Fed isn't going to want to do this for him. And this makes sense in my eyes, we can't have low rates forever because if a recession is to come and we have low rates -- we can't cut rates as a way to spur growth.
In an economy like this, we need to increase interest rates -- so we will have a way to save ourselves if a recession comes.
Obviously, Trump's mind is on a much shorter term, as he needs the economy to stay stable for another 2 years for him to get reelected. So that's his line of thinking, and I honestly don't blame him for this. Put anyone in the same position and they would do that too.
Do what it takes to buy a little Bitcoin. The FED will end, and the $dollar will crash. When the FED and $dollar crash, for a moment - a week or a month - Bitcoin will soar. But most people won't understand what is happening. They will still be so used to the $dollar that they will accept the Bitcoin valuation of, say, $1,000,000 per bitcoin, and buy some off you as an investment. You can sell off a little of the Bitcoin you have, and buy some fertile land with its own fresh water supply. This will give you a place to live off the land after the $crash. But get ready now. Nobody knows when the $dollar will crash. It could be now, a month, or a year or longer. Nobody knows. You might have time to get things ready for yourself. I mean, I think if the dollar crashes we're going to be in a pretty horrible spot. There's no way that people truly do think that if the dollar crashes, then another currency (like bitcoin) will just swoop in. If something like this was to happen, the only currency that's going to help you is food, guns, medicine, bullets, and so on. If USD crashes, we're talking about a complete and utter meltdown of the financial world and government. That's not something that we can just move on from. Look at all the countries in the world where the countries currency isn't the one that is used by the people due to hyperinflation (look at something like Venezuela) that's a country that is in complete and utter chaos. |
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Juggy777
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July 08, 2019, 10:06:23 AM |
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Trump is pretty much pushing for a rate cut, and with the economy not showing signs of slowing down (with the newest jobs report being good), the Fed isn't going to want to do this for him. And this makes sense in my eyes, we can't have low rates forever because if a recession is to come and we have low rates -- we can't cut rates as a way to spur growth.
In an economy like this, we need to increase interest rates -- so we will have a way to save ourselves if a recession comes.
Obviously, Trump's mind is on a much shorter term, as he needs the economy to stay stable for another 2 years for him to get reelected. So that's his line of thinking, and I honestly don't blame him for this. Put anyone in the same position and they would do that too.
Trump is a businessman and he’s making his decisions based on where he’ll get profits, I don’t think he’s wrong to ask for a rate cut as the economy has shown signs of improvement and this may be a good time to accelerate it. I don’t think we should wait for a recession for all we know this rate cut can suddenly spur the economy, and I’m personally hoping the feds agree to a rate cut. I don’t like any other candidates which are running for the presidential election, hence if this helps trump get re-elected I’ll support his demand. |
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omonuyak
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July 11, 2019, 06:05:15 PM |
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The government from their body language these days are trying to crip federal reserve and introduced its currency build on blockchain. The comments from the mr. President himself is a sign that everybody is now know that fed is the problem and if USA and other countries want to come out of debt and get a new financial system that will bring prosperity to all of us then blockchain technology should replace the federal reserves. |
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TheCoinGrabber
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July 11, 2019, 07:23:41 PM |
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I don't know the actual mechanisms but I find it crazy that a country has put its money at the hands of what is basically a PRIVATE bank. I've always thought that every countries central bank do all the printing, then I heard about the Feds. I don't think Trump would abolish it but maybe "ask" for a deal. Last time someone tried to get rid of them, it didn't end well for that person. Obviously, Trump's mind is on a much shorter term, as he needs the economy to stay stable for another 2 years for him to get reelected. So that's his line of thinking, and I honestly don't blame him for this. Put anyone in the same position and they would do that too.
One of the few flaws of a democracy. Politicians think short term, just up to the next election. |
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