The battle between Trump and Fed Chairman Jerome Powell over Fed policy is a farce and always has been. Consider the facts – Trump ran his election campaign partly by taking a stance against central bank stimulus measures and ultra low rates. He explicitly attacked the notion that the US economy and stock markets were strong under Barack Obama, warning that the markets
were in a bubble created by the Fed’s easing measures. Then, as soon as he entered the White House Trump flipped narratives and claimed the economy and the markets were strong, and that they were strong because of him.
Trump also said a little over a year ago that he
wanted a strong US dollar, now he has reversed completely and says he
wants a weaker dollar. In an indirect manner Trump has recently called for a monetary race to the bottom in competition with other nations. This display of bewildering policy gymnastics could be taken one of two ways – one, Trump is bipolar, or two, Trump is following the script that is given to him by the money elite day-to-day just like every president before him for at least the past hundred years. But what is the point of this absurd show?
As I have
examined in depth in past articles, I believe the evidence shows that Trump is a pied piper for conservatives, and his attacks on the Fed are nothing more than world wrestling federation-style dramatics for the benefit of his base supporters. Does anyone else think it’s rather strange that a supposedly fiscally conservative president is fighting for monetary easing while the Federal Reserve (the KING of easy money for the past decade) is fighting for liquidity tightening? This only makes sense when you look at Trump’s background…
Trump’s companies have faced at least four separate bankruptcy threats since the 1990s, yet he has been bailed out on more than one occasion by surprise investors. The most prominent of these investors was the
Rothschild family through their agent Wilber Ross. Trump was saved from his vast debts tied to his Taj Mahal casino complex and three other major properties by the Rothschilds in the 1990s, and some of these properties would go on to face bankruptcy again in 2009. The Taj Mahal would later
sell for 4 cents on the dollar, yet Trump would always come out financially unscathed from these events.
Trump’s reputation and perhaps his entire current fortune is owed to the Rothschilds. This is probably the reason why, after becoming president, Trump loaded his cabinet with multiple globalists and banking elites, including Wilber Ross as his Commerce Secretary.
https://www.activistpost.com/2019/07/trumps-fight-with-the-fed-over-interest-rates-is-a-scripted-farce.html
Trump no longer argues that these indicators are rigged, even though unemployment stats do not include over 96 million working age Americans that are unemployed and are not counted on the benefits rolls. Even though GDP is calculated to include most government spending as if it is the same a wealth creation rather than wealth confiscation. Even though the stock market is entirely manipulated by unprecedented corporate stock buybacks, as well as levitated by Chinese stimulus measures flooding the global liquidity pool and investor hope that the Fed is about to reintroduce QE “at any moment”.