Trumps re-election chances are better with a weak economy.

[tieman55]

Trumps re-election chances are slightly better with a weak economy.

Conventional wisdom tells us that "if" the Trump economy is bad, come November 2021, then he will lose his bid for re-election. Conventional wisdom is almost always wrong, and this is no exception.

Here is why: "if" the economy is seen as bad and or weak in November of 2021, a portion of the electorate won't want to risk the socialist agenda wanted by all of Trump's opponents. "If" the economy is seen as very good, then some quantity of the electorate will feel the liberty to risk the loonies on the left's socialist agenda.

In addition;

No matter the condition of the economy, or anything else in 2021, the socialist nominee will be in favor of raising taxes and regulation. That costly message will never sell in a weak economy. It might sell in a depression but there is no indication that the economy will be in a depression.

No matter the condition of the economy, in 2021, Trump will be in favor of lower taxes and lower regulation, in America, that message always has a better chance of success in a questionable economy.

 

[Gary K]

I don't know that I agree. Most people just do not understand how easy it is for central banks, like the FED, to manipulate stock prices and the money supply. They are responsible for every recession/depression and every boom that has come down the pike since the Fed was created in 1913. All they have to do is play with interest rates and the money supply and they can cause a depression almost over night. What they have been doing since Trump took office is working to slow the economy down. They have done it two ways. They have jacked interest rates 7 times since his election--raised the cost of money--and then moved from years of "quantitative easing"--the printing of currency to dump into the economy--to "quantitative tightening" under Trump. Easing sends cheap money into the economy. Tightening takes money out of the economy. The Fed printed $80 billion/month during Obama's presidency. The Fed is figuratively burning $60 billion/month during Trump's presidency. At one time under Obama they had approximately $60 billion in liquidity against approximately $4.5 trillion in bonds, which is debts. That means they were more than $4 trillion in the hole. So, now what they are doing under Trump is allowing all those bonds they bought to mature. What that does is siphon money out of the economy. That money just disappears into a black hole as the entity that owned the bonds is the FED. If all those bonds had been owned by individuals then indivduals would be collecting what the bonds were worth at their maturity. But since the owner of the bonds is the same entity that funded them they money just disappears into the debts they owe. It just sucks all that money right out of the economy for our money is all debt.

The way the Fed creates booms and busts is this: The boom is caused by lowering interest rates so that it becomes really cheap to borrow money to invest in markets or businesses. That increases to the total amount of money in economy as the Fed has long sanctioned fractional reserve banking. What that does is allow a bank to lend out the same money multiple times thus multiplying the amount of currency in circulation. What they do to create a recession/depression is move interest rates up which increases the cost of money so businesses contract due to it costing them more to borrow. They start paying off debts to get their payments down, and since the dollar is created from debt money just disappears out of the economy. If the Fed raised interests rates high enough so that people and businesses paid off all their debts to get out from under the interest payments is that the dollar would simply cease to exist as it is only created through debt. That is fiat money.

The Fed has the ability, therefore, to completely crater our stock, bond, and commodity markets as well as stop all the shipping of goods to market by just raising the cost of money by raising interest rates high enough for all shipping businesses rely on credit to fund their fuel bills. The credit market collapses and our entire economy goes away and people starve to death for the grocery stores will be empty as will the gasoline tanks of all the service stations.

 

[7djengo7]

Trumps re-election chances are slightly better with a weak economy.

Conventional wisdom tells us that "if" the Trump economy is bad, come November 2021, then he will lose his bid for re-election. Conventional wisdom is almost always wrong, and this is no exception.

Here is why: "if" the economy is seen as bad and or weak in November of 2021, a portion of the electorate won't want to risk the socialist agenda wanted by all of Trump's opponents. "If" the economy is seen as very good, then some quantity of the electorate will feel the liberty to risk the loonies on the left's socialist agenda.

In addition;

No matter the condition of the economy, or anything else in 2021, the socialist nominee will be in favor of raising taxes and regulation. That costly message will never sell in a weak economy. It might sell in a depression but there is no indication that the economy will be in a depression.

No matter the condition of the economy, in 2021, Trump will be in favor of lower taxes and lower regulation, in America, that message always has a better chance of success in a questionable economy.

November 2021?? Is this one of those things where, by frequent repetition of a date well past the next, up-coming POTUS election, you are trying to hypnotize people into getting the date wrong and missing the polls? The people dumb enough to fall for that, though, certainly will have largely not been among those voting Trump.

Or, instead, are you projecting a third Trump term of presidency?

 

[tieman55]

The Fed has the ability, therefore, to completely crater our stock, bond, and commodity markets as well as stop all the shipping of goods to market by just raising the cost of money by raising interest rates

Without any doubt the Fed does have a lot of power, but they don't have complete control over there product, the dollar. There are just to many dollars in to many hands, hands that the Fed does not control.

The Fed can with the stroke as a pin can change the Fed funds rate, but those rates really do not have much effect on long term rates. They in fact do very little to long term rates.

The Fed can with the stroke of a pin change the reserve rate. Changing the reserve rate would make significant changes in long term interest rates but the Fed really never uses that arrow in their quiver. They never or rarely ever use that tool because it is highly inflationary or deflationary depending on just how it is used.

Long term interest rates to a very large extent are out of the control of the Fed because the largest pools of money are in the many federal, state and local government bonds, bills notes and then mortgage back securities. M1 or even M2 totals that the fed holds are small compared the other dollar held debt.

Years ago when the pools of money weren't nearly as large as they are now, the fed could inflate M1 and M2 and the productive class would borrow money and use it in productive ways causing money supply to rapidly grow to the point of inflation. Those scenarios are long gone, as Dod/Frank pretty much makes it a violation of law to loan money in any productive (risky) way.

The stock market gets spooked easily by Fed Policy but the Fed really has little effect on long term rates that are essentially determined by markets. And long term rates are what voters look at.

Trump wants the market to go up and that is a reasonable desire for his re-election. And cutting the discount rate makes stocks look better and they go up . . . But lets be clear, while a raising stock market creates money out of thin air just like lower the reserve rates, its effect on long term interest rates is not as advertised.

I don't believe the Fed will affect the election. For a few reasons.
1. They are a large bureaucracy incapable of pulling it off especially when Trump would be calling them out at ever turn.
2. While they hate Trump, they love money more and while they would probably take some losses for the cause, they would not take the loss that would be needed to bring down Trump.
3. I am sure Trump has a least a few allies in the deep Fed bureaucracy that throw enough wrenches into the works to limit any of the intended consequences of a coordinated Fed attack on Trump.

 

[drbrumley]

Without any doubt the Fed does have a lot of power, but they don't have complete control over there product, the dollar. There are just to many dollars in to many hands, hands that the Fed does not control.

The Fed can with the stroke as a pin can change the Fed funds rate, but those rates really do not have much effect on long term rates. They in fact do very little to long term rates.

The Fed can with the stroke of a pin change the reserve rate. Changing the reserve rate would make significant changes in long term interest rates but the Fed really never uses that arrow in their quiver. They never or rarely ever use that tool because it is highly inflationary or deflationary depending on just how it is used.

Long term interest rates to a very large extent are out of the control of the Fed because the largest pools of money are in the many federal, state and local government bonds, bills notes and then mortgage back securities. M1 or even M2 totals that the fed holds are small compared the other dollar held debt.

Years ago when the pools of money weren't nearly as large as they are now, the fed could inflate M1 and M2 and the productive class would borrow money and use it in productive ways causing money supply to rapidly grow to the point of inflation. Those scenarios are long gone, as Dod/Frank pretty much makes it a violation of law to loan money in any productive (risky) way.

The stock market gets spooked easily by Fed Policy but the Fed really has little effect on long term rates that are essentially determined by markets. And long term rates are what voters look at.

Trump wants the market to go up and that is a reasonable desire for his re-election. And cutting the discount rate makes stocks look better and they go up . . . But lets be clear, while a raising stock market creates money out of thin air just like lower the reserve rates, its effect on long term interest rates is not as advertised.

I don't believe the Fed will affect the election. For a few reasons.
1. They are a large bureaucracy incapable of pulling it off especially when Trump would be calling them out at ever turn.
2. While they hate Trump, they love money more and while they would probably take some losses for the cause, they would not take the loss that would be needed to bring down Trump.
3. I am sure Trump has a least a few allies in the deep Fed bureaucracy that throw enough wrenches into the works to limit any of the intended consequences of a coordinated Fed attack on Trump.

If trump keeps throwing Powell under the bus, the FED can play a MAJOR role in this reelection.

 

[Gary K]

Without any doubt the Fed does have a lot of power, but they don't have complete control over there product, the dollar. There are just to many dollars in to many hands, hands that the Fed does not control.

The Fed can with the stroke as a pin can change the Fed funds rate, but those rates really do not have much effect on long term rates. They in fact do very little to long term rates.

The Fed can with the stroke of a pin change the reserve rate. Changing the reserve rate would make significant changes in long term interest rates but the Fed really never uses that arrow in their quiver. They never or rarely ever use that tool because it is highly inflationary or deflationary depending on just how it is used.

Long term interest rates to a very large extent are out of the control of the Fed because the largest pools of money are in the many federal, state and local government bonds, bills notes and then mortgage back securities. M1 or even M2 totals that the fed holds are small compared the other dollar held debt.

Years ago when the pools of money weren't nearly as large as they are now, the fed could inflate M1 and M2 and the productive class would borrow money and use it in productive ways causing money supply to rapidly grow to the point of inflation. Those scenarios are long gone, as Dod/Frank pretty much makes it a violation of law to loan money in any productive (risky) way.

The stock market gets spooked easily by Fed Policy but the Fed really has little effect on long term rates that are essentially determined by markets. And long term rates are what voters look at.

Trump wants the market to go up and that is a reasonable desire for his re-election. And cutting the discount rate makes stocks look better and they go up . . . But lets be clear, while a raising stock market creates money out of thin air just like lower the reserve rates, its effect on long term interest rates is not as advertised.

I don't believe the Fed will affect the election. For a few reasons.
1. They are a large bureaucracy incapable of pulling it off especially when Trump would be calling them out at ever turn.
2. While they hate Trump, they love money more and while they would probably take some losses for the cause, they would not take the loss that would be needed to bring down Trump.
3. I am sure Trump has a least a few allies in the deep Fed bureaucracy that throw enough wrenches into the works to limit any of the intended consequences of a coordinated Fed attack on Trump.

It's apparent you do not understand what the FED is. It is a central bank which controls all money flow in the US. It is completely independent of all Congressional oversight and independent of all government power unless Congress can be pushed into revoking it's charter. It is made up of foreign banking powers like the Paysuers and Rothchilds. I recommend that you read G. Edward Griffin's book The Creature from Jekyll Island if you really want to understand what it is, who it is, what it really does, and what it's real agenda is. Since it was put in place in 1913 it has devalued our currency from a dollar actually having 100 pennies of real wealth behind it in the form of gold and silver, to it now being worth approximately 1 penny. They have done that in a little over 100 years. In the approximately 150 years before it's creation the US dollar had doubled in real value. In other words the purchasing power of the dollar had doubled. It's now at about 1% of what it was when the FED was given the power to control it.

Before the FED our money had real value behind it. You could take a dollar bill to a bank and get the same value in gold in exchange. Now our money is created out of thin air by creating more debt. It is literally not worth the paper it is printed on. Every time they have created a boom and then a bust they have created a massive transfer of wealth from the citizenry to themselves. The larger and longer the boom and then the following depression the more they transfer wealth to themselves. And they have been doing this world wide for hundreds of years.

The central banks of the world have done this to every nation on earth. They have bankrupted all of us. Our global debt is $250 trillion+. There isn't enough money in existence to pay off the world debt. The debt is so big the entire house of cards could come down at any time, and it's what the central banks have planned and worked towards for decades. The banking system in Europe is into negative interest rates. The ECB is printing money like it's going out of style and there are multiple nations in severe economic trouble there.

The people back of the central banks have done this for a reason. They want absolute power and control over all of us. They want us back into the days of royalty and serfs and with that end in mind they have been skimming off the real wealth for a long, long time. Ever wonder why the IMF and World Bank keep on making loans to bankrupt countries? They do it because the money is basically worthless. It doesn't cost them anything. What they want is the interest off the loans for the interest is real. It comes from the production of people and has real valuie. Thus the banks around the world keep on skimming the cream off the top and leaving nothing of substance for the rest of us.

These are not nice people. They despise we commoners and think they were born to rule us with an iron hand.

If you want to see where the US is headed take a look at Venezuela. We are headed to the same place. If you don't believe all this read G. Edward Griffin's book. He lays out their entire scam in clear detail.

 

[tieman55]

It's apparent you do not understand what the FED is. It is a central bank which controls all money flow in the US. It is completely independent of all Congressional oversight and independent of all government power unless Congress can be pushed into revoking it's charter. It is made up of foreign banking powers like the Paysuers and Rothchilds. I recommend that you read G. Edward Griffin's book The Creature from Jekyll Island if you really want to understand what it is, who it is, what it really does, and what it's real agenda is. Since it was put in place in 1913 it has devalued our currency from a dollar actually having 100 pennies of real wealth behind it in the form of gold and silver, to it now being worth approximately 1 penny. They have done that in a little over 100 years. In the approximately 150 years before it's creation the US dollar had doubled in real value. In other words the purchasing power of the dollar had doubled. It's now at about 1% of what it was when the FED was given the power to control it.

Before the FED our money had real value behind it. You could take a dollar bill to a bank and get the same value in gold in exchange. Now our money is created out of thin air by creating more debt. It is literally not worth the paper it is printed on. Every time they have created a boom and then a bust they have created a massive transfer of wealth from the citizenry to themselves. The larger and longer the boom and then the following depression the more they transfer wealth to themselves. And they have been doing this world wide for hundreds of years.

The central banks of the world have done this to every nation on earth. They have bankrupted all of us. Our global debt is $250 trillion+. There isn't enough money in existence to pay off the world debt. The debt is so big the entire house of cards could come down at any time, and it's what the central banks have planned and worked towards for decades. The banking system in Europe is into negative interest rates. The ECB is printing money like it's going out of style and there are multiple nations in severe economic trouble there.

The people back of the central banks have done this for a reason. They want absolute power and control over all of us. They want us back into the days of royalty and serfs and with that end in mind they have been skimming off the real wealth for a long, long time. Ever wonder why the IMF and World Bank keep on making loans to bankrupt countries? They do it because the money is basically worthless. It doesn't cost them anything. What they want is the interest off the loans for the interest is real. It comes from the production of people and has real valuie. Thus the banks around the world keep on skimming the cream off the top and leaving nothing of substance for the rest of us.

These are not nice people. They despise we commoners and think they were born to rule us with an iron hand.

If you want to see where the US is headed take a look at Venezuela. We are headed to the same place. If you don't believe all this read G. Edward Griffin's book. He lays out their entire scam in clear detail.

Considering what you wrote above, I assume you are wearing a tin hat, most of the time?

Very little of what you said above is true. Very little! The Federal reserve just doesn't have the power it once did.

Example: In the 1970s, it took 30 days for the Fed to know how much money was in M1 accounts on that day. That information 30 days later was worthless. Today we all know at every moment of every day how much money is in circulation. In essence we have the information they have, so they have no advantage over us.

Example: Inflation to a large extent is a thing of the past. If your under 40, you have no idea of what real inflation is. That alone has taken almost all the power away from the Federal Reserve. Inflation can only happen when there is large sums of borrowed money being used in productive ways. Thanks to Dodd/Frank that is not ever likely to happen again, as it did in the 70s.

The gold standard was never a good idea and it is an especially bad idea today. Gold fluctuates more than almost any commodity extremely bad as a basis for a currency. Gold bugs, never think it through, thinking is painful for them as it rejects their world view.

Creating money of thin air or better known as "by fiat". Is the way to go, has been and will be forever the way to go. At this point in history, you can trade your dollars for about 100 currencies, if you don't like dollars and, guess what you can buy gold with your dollars, and no one will stop you, as it use to be illegal to own gold, I think in the 30s. Now if your a gold bug, hey buy gold it is easy and it is your choice.

Back to the Fed. The saving grace for this country is that fact that the Fed is private. Could you imagine if the Government could print money for their own use?????

The saving grace for the world and the USA is that the Federal government really can't borrow money form the central bank (except on very rare occasions), it has to borrow dollars from people who have them to lend.

The above is so so important because . . . When the Federal government borrows money, no money is created. For many reasons, the important dynamics of that fact is impossible to understate!

If there is an enemy, it is not the Federal Reserve. I know this will offend many but with today's technology the Fed is just like any other business. You literally can chose when and where to use them or not at all . . . and what is far more important they known that better than you do!

 

[tieman55]

https://www.cnbc.com/2019/08/27/us-treasurys-investors-monitor-trade-developments.html

Today, the 30 year Treasury Bond is less than 2 percent! Anyone who thinks the Fed is control of interest rates better talk to the traders of Treasuries! LOL

The 30 year Treasury I think is about 10 trillion in circulation that the Fed. Government has sold.
Add in the other bills, notes and bonds, and you double that or more to 20 trillion that is not touchable by the Federal reserve.

M1 today has probably 1 trillion maybe 2 trillion . . . So the Fed isn't setting much of anything. LOL

 

[Quetzal]

Trumps re-election chances are slightly better with a weak economy.

Conventional wisdom tells us that "if" the Trump economy is bad, come November 2021, then he will lose his bid for re-election. Conventional wisdom is almost always wrong, and this is no exception.

Here is why: "if" the economy is seen as bad and or weak in November of 2021, a portion of the electorate won't want to risk the socialist agenda wanted by all of Trump's opponents. "If" the economy is seen as very good, then some quantity of the electorate will feel the liberty to risk the loonies on the left's socialist agenda.

In addition;

No matter the condition of the economy, or anything else in 2021, the socialist nominee will be in favor of raising taxes and regulation. That costly message will never sell in a weak economy. It might sell in a depression but there is no indication that the economy will be in a depression.

No matter the condition of the economy, in 2021, Trump will be in favor of lower taxes and lower regulation, in America, that message always has a better chance of success in a questionable economy.

Hmm, this is a pretty good analysis but I might disagree a bit. In a weak economy, the burden rests on the Democrats to make a clear connection from the economy to the Trump administration. I predict it would become one of their main talking points in addition to immigration. If the Democrats can pull this off, they have a shot to do some damage.

 

[Gary K]

Considering what you wrote above, I assume you are wearing a tin hat, most of the time?

Very little of what you said above is true. Very little! The Federal reserve just doesn't have the power it once did.

Example: In the 1970s, it took 30 days for the Fed to know how much money was in M1 accounts on that day. That information 30 days later was worthless. Today we all know at every moment of every day how much money is in circulation. In essence we have the information they have, so they have no advantage over us.

Example: Inflation to a large extent is a thing of the past. If your under 40, you have no idea of what real inflation is. That alone has taken almost all the power away from the Federal Reserve. Inflation can only happen when there is large sums of borrowed money being used in productive ways. Thanks to Dodd/Frank that is not ever likely to happen again, as it did in the 70s.

The gold standard was never a good idea and it is an especially bad idea today. Gold fluctuates more than almost any commodity extremely bad as a basis for a currency. Gold bugs, never think it through, thinking is painful for them as it rejects their world view.

Creating money of thin air or better known as "by fiat". Is the way to go, has been and will be forever the way to go. At this point in history, you can trade your dollars for about 100 currencies, if you don't like dollars and, guess what you can buy gold with your dollars, and no one will stop you, as it use to be illegal to own gold, I think in the 30s. Now if your a gold bug, hey buy gold it is easy and it is your choice.

Back to the Fed. The saving grace for this country is that fact that the Fed is private. Could you imagine if the Government could print money for their own use?????

The saving grace for the world and the USA is that the Federal government really can't borrow money form the central bank (except on very rare occasions), it has to borrow dollars from people who have them to lend.

The above is so so important because . . . When the Federal government borrows money, no money is created. For many reasons, the important dynamics of that fact is impossible to understate!

If there is an enemy, it is not the Federal Reserve. I know this will offend many but with today's technology the Fed is just like any other business. You literally can chose when and where to use them or not at all . . . and what is far more important they known that better than you do!

The Fed is controlled by the Rothschilds who are no friends of liberty. Rather than just parrot what the Fed says why don't you do some actual research into the Fed? Read G. Edward Griffin's The Creature from Jekyll Island, Wayne Jett's book The Fruits of Graft, and James Perloff's The Shadows of Power. These three authors use the words of the Fed's founders and it's own actions to show what they are really after. You will never be taught in school what these guys can logically, factually, and truthfully demonstrate from history.

Fiat currency is a way for the banks to drain wealth away from citizens and investors through creating booms and busts by manipulating interest rates and money supply. If you can't understand that you're not nearly as informed on economics as you think you are. That you think debt is more valuable than gold tells me just how irrational your economic ideas are. You don't hold them alone though. Most people have accepted this lie which breaks the law of non-contradiction. True wealth has intrinsic value. Gold and silver have always been considered money for good reason. They can be used for multiple purposes that hold value in and of themselves. They have intrinsic value. Debt is what you owe to someone else. Paper has no real value other than to write on or to start fires with.

Tell me, when you do the bookkeeping for your business does debt add to, or diminish, its net worth? And on a personal level does your personal debt add to or diminsh your net worth? That you think fiat money created by the creation of debt is worth more than real wealth tells me your ideas are very confused. You are holding mutually exclusive ideas as both true at the same time.

You need to study some economic ideas other than those originating with Maynard Keynes.

 

[Gary K]

[MENTION=554]tieman55[/MENTION]

Do you know why Donald Trump has a picture of Andrew Jackson in the Oval Office?

 

[ok doser]

Because he's racist, of course

 

[The Barbarian]

Hmm, this is a pretty good analysis but I might disagree a bit. In a weak economy, the burden rests on the Democrats to make a clear connection from the economy to the Trump administration. I predict it would become one of their main talking points in addition to immigration. If the Democrats can pull this off, they have a shot to do some damage.

They'd have to show that ballooning the deficit and raising the price of goods from China are harmful to the economy.

Doesn't sound all that hard...

Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July meeting.

Members spoke about trade on multiple occasions, saying it was one of the chief headwinds for the economy, according to meeting minutes released Wednesday.
https://www.cnbc.com/2019/08/21/fed-sees-tariffs-as-persistent-headwind-to-economic-growth.html

If the deficit arises because the government has engaged in extra spending projects—for example, infrastructure spending or grants to businesses—then those sectors chose to receive the money receive a short-term boost in operations and profitability. If the deficit arises because receipts to the government have fallen, either through tax cuts or a decline in business activity, then no such stimulus takes place.
https://www.investopedia.com/ask/answers/021015/what-effect-fiscal-deficit-economy.asp

 

[Gary K]

Because he's racist, of course

LOL. That was funny, but it wasn't correct.

 

[Gary K]

Without any doubt the Fed does have a lot of power, but they don't have complete control over there product, the dollar. There are just to many dollars in to many hands, hands that the Fed does not control.

The Fed can with the stroke as a pin can change the Fed funds rate, but those rates really do not have much effect on long term rates. They in fact do very little to long term rates.

The Fed can with the stroke of a pin change the reserve rate. Changing the reserve rate would make significant changes in long term interest rates but the Fed really never uses that arrow in their quiver. They never or rarely ever use that tool because it is highly inflationary or deflationary depending on just how it is used.

Long term interest rates to a very large extent are out of the control of the Fed because the largest pools of money are in the many federal, state and local government bonds, bills notes and then mortgage back securities. M1 or even M2 totals that the fed holds are small compared the other dollar held debt.

Years ago when the pools of money weren't nearly as large as they are now, the fed could inflate M1 and M2 and the productive class would borrow money and use it in productive ways causing money supply to rapidly grow to the point of inflation. Those scenarios are long gone, as Dod/Frank pretty much makes it a violation of law to loan money in any productive (risky) way.

The stock market gets spooked easily by Fed Policy but the Fed really has little effect on long term rates that are essentially determined by markets. And long term rates are what voters look at.

Trump wants the market to go up and that is a reasonable desire for his re-election. And cutting the discount rate makes stocks look better and they go up . . . But lets be clear, while a raising stock market creates money out of thin air just like lower the reserve rates, its effect on long term interest rates is not as advertised.

I don't believe the Fed will affect the election. For a few reasons.
1. They are a large bureaucracy incapable of pulling it off especially when Trump would be calling them out at ever turn.
2. While they hate Trump, they love money more and while they would probably take some losses for the cause, they would not take the loss that would be needed to bring down Trump.
3. I am sure Trump has a least a few allies in the deep Fed bureaucracy that throw enough wrenches into the works to limit any of the intended consequences of a coordinated Fed attack on Trump.

I can throw light on your misinformation with just one fact. The Fed printed at least $20 trillion and the government black holed it without anyone being wiser until a financial analyst and an economics professor and his graduate level students documented it in government records from only 2 federal bureacracies: the DoD and HUD. I say at least because only two departments posted enough documentation on their spending to analyze how much money they actually went through. Catherine Austin-Fitts and Mark Skidmore from Michigan State U found the missing money. The government's response? They didn't deny it. They just created a new set of rules that allows them to publish anything they want with respect to what, where, and how much they spend with no regard for the truth. The new rules are called FASAB rule 56. In other words, since last fall all government reports of financial matters are no longer trustworthy. They removed all accountability to the public from their rules.

So, if you really think you know what's going on with government spending, the money supply, etc... you are greatly mistaken. The rules of the game have changed for the worse, and anything to do with money and the federal government and the Federal reserve bank is one big black hole.

 

[The Barbarian]

Apparently, the ("we aren't Russians") usual guys are on social media, claiming that the Fed chairman (appointed by Trump) is deliberately trying to wreck the economy so that Trump will lose the election.

Trump himself picked up on the conspiracy theory, but it didn't play very well, and he's backed off on it lately.

President Trump, confronting perhaps the most ominous economic signs of his time in office, has unleashed what is by now a familiar response: lashing out at what he believes is a conspiracy of forces arrayed against him.

He has insisted that his own handpicked Federal Reserve chair, Jerome H. Powell, is intentionally acting against him. He has said other countries, including allies, are working to hurt American economic interests. And he has accused the news media of trying to create a recession.
https://www.nytimes.com/2019/08/18/us/politics/trump-economy-recession.html

 

[Gary K]

Trump is absolutely correct. The fed has been working against him since he was sworn into office. Just two months after his inauguration the Fed raised interest rates and they have continued to do so as they have raised interest rates 7 times during his presidency. They are also working at tightening the money supply. During Obama's presidency they didn't raise rates unto the last few months of his presidency and they dumped currency into the economy, rather than pulling it out as they are doing to Trump, for Obama's entire presidency.

Every thing they have done since he became president causes an economy based upon a fiat currency to slow. Trump has worked to expand the economy and the Fed has worked to slow it.