Trump says the Federal Reserve has 'gone crazy' by continuing to raise interest rates QQQQQQQQQQQQQQQQQQQQQ 1. The Federal Reserve was crazily born off the Deep State act off 1871 and consequently the Treasuries of over 200-countries were hijacked by the Deep State. 2. Having hijacked the sovereign treasuries, you tax payment has also been hijacked and automatically converted to Interest, which is not constitutional, but a racket. 3. In fact, the Federal Reserve is a private printing press and that is as crazy as can be. Nothing could be crazier. 4. One wonders if Trump realizes that the Deep State Federal Reserve is eyeing mid-term elections and Trump is not their friend, but a lousy patriot. And they have the power to turn the elections against Trump. 5. Remember how they turned the tide to elect Bill Clinton from the swamp at the cost of Bush Sr. by playing with high interest rates?? QQQQQQQQQQQQQQQQQQQQQ · "I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," the president said after walking off Air Force One in Erie, Pennsylvania. · The U.S. central bank has raised interest rates three times this year and is largely expected to hike once more before year-end. · Fears about rapidly rising rates helped cause the Dow Jones Industrial Average to drop more than 800 points Wednesday. · "Actually, it's a correction that we've been waiting for for a long time, but I really disagree with what the Fed is doing," the President added. Published 47 Mins Ago Updated 12 Mins AgoCNBC.com President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence. "I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy," the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Fears about rapidly rising rates helped cause the Dow Jones Industrial Average to drop more than 800 points Wednesday. The S&P 500 posted its worst day since February and clinched its first five-day losing streak since 2016. "Actually, it's a correction that we've been waiting for for a long time, but I really disagree with what the Fed is doing," the President added. The Fed has raised interest rates three times this year and is largely expected to hike once more before year-end. The most recent September rate hike drew criticism from Trump at the time, who said he was "worried about the fact that they seem to like raising interest rates, we can do other things with the money," he said. Market expectations for a December rate hike were at 76.3 percent, according to the CME Group's FedWatch tool. White House press secretary Sarah Sanders downplayed Wednesday's steep sell-off on Wall Street, noting the U.S. economy remains in good shape. "The fundamentals and future of the U.S. economy remain incredibly strong," Sanders said in a statement. President Trump's economic policies are the reasons for these historic successes and they have created a solid base for continued growth." Trump's comments on the central bank Wednesday came a day after he said he did not like what they were doing in terms of monetary policy. On Tuesday, Trump noted: "We don't have to go as fast." He also said he did not want the economy to slow "even a little bit" when there are no signs of inflation. Criticism of the Fed is rare from a sitting president, with Trump's predecessors largely refraining from comment on the direction of the central bank's monetary policy. Win McNamee | Getty Images President Donald Trump in the Oval Office of the White House on October 10, 2018 in Washington, DC. Interest rates have been on the rise over the past several weeks, with the benchmark 10-year Treasury note — a barometer for corporate debt and mortgages rates — climbing to its highest level in more than seven years. Following the central bank's move to hike rates a third time this year, Fed Chair Powell said in an interview with PBS that U.S. monetary policy is "far from neutral," suggesting front-end rates have further room to rise. "Interest rates are still accommodative, but we're gradually moving to a place where they will be neutral," Powell said added. "We may go past neutral, but we're a long way from neutral at this point, probably." Powell said at the Fed's latest press conference that he had not discussed interest rates with the president. |
Steven Mnuchin: US "Will Make Sure" China Isn't Manipulating The Yuan QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ 1. DOESN'T MAKE SENSE OR DOESN'T KNOW WHAT HE'S TALKING ABOUT. 2. THE JAPANESE AND THE CHINESE HAVE MANIPULATED THEIR CURRENCIES TO COUNTER THE UNPEGGING OF THE US DOLLAR FROM GOLD SINCE 1971. IT'S THEIR RIGHT. 3. THE EXCHANGE RATE OF THE DOLLAR IS MANIPULATED BY THE EMIL WONTA-SOROS GANGE. FRAUD. 4. IF THE DOLLAR IS A PONZI FAKE CURRENCY, ALL MARKETS, BONDS, BULLION, COMMODITIES, STOCKS BECOME MOVING TARGETS AND END UP BEING A HUGE PONZI SCHEME. 5. THERE'S NO WAY ANY CURRENCY SUCH AS THE DOLLAR , COULD OPERATE UNDER DOMESTIC (GDP) CIRCULATION AS WELL AS INTERNATIONAL (GNP) CIRCULATION, UNLESS BY MILITARY FORCE, WHICH HAS BEEN THE CASE SINCE THE 17TH CENTURY. QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ Profile picture for user Tyler Durden by Tyler Durden Wed, 10/10/2018 - 06:11 11 SHARES TwitterFacebookRedditEmailPrint US officials made it clear earlier this week (via an anonymous leak) that the US wouldn't hesitate to counter the PBOC's decision to pump more liquidity into the Chinese financial system - a decision that, incidentally, also helped push the yuan even closer to policy makers' "red-line" level of 7 yuan to the dollar - by returning China to the Treasury Department list of currency manipulators, a decision that would make Beijing eligible for further sanctions (and presumably justify a round of competitive devaluations that could escalate into a global currency war). But if Chinese officials didn't get the message, Treasury Secretary Steven Mnuchin (who almost certainly approved the "leaks" from "senior officials" inside his department) left little room for uncertainty in an on-the-record interview with the Financial Times, where he warned that the US would be monitoring Chinese policy "very closely" for any signs of competitive devaluations meant to offset the impact of President Trump's tariffs on roughly half of Chinese goods entering the US. FX Mnuchin refused to discuss the Treasury's upcoming currency report, and he didn't specifically reference currency manipulation, but the implication was clear: If China allows (or even actively encourages) the yuan to sink past its red line, then the US will insist that an agreement against currency manipulation be a part of whatever trade accord is produced (assuming there is one). And assuming no agreement is reached, the US will do what it needs to do to make sure that US tariffs on Chinese goods are maximally effective. Steven Mnuchin said in an interview with the Financial Times that the Treasury monitored currency issues “very carefully” and noted that the Chinese renminbi had fallen “significantly” during the year, adding that he wanted to discuss the currency with Beijing as part of trade talks. He acknowledged there were several drivers behind the falls in the renminbi, including the country’s own economic issues. "As we look at trade issues there is no question that we want to make sure China is not doing competitive devaluations," he said ahead of meetings of the G20, IMF and World Bank in Bali, Indonesia. To be sure, Mnuchin, who was speaking during an IMF-World Bank meeting in Bali (where no trade discussions are expected to be held even though Mnuchin and China's top trade envoy will both be present - though, of course, that could always change), did clarify that some of the renminbi weakness this year has been the result of domestic economic factors in what sounded like a swipe at China. "The renminbi has depreciated significantly during the year. There are various factors for that which we look forward to discussing with them," said Mr Mnuchin. "One of those factors has to do with their own economic issues and what has gone on in the Chinese economy." Mnuchin also obliquely criticized what Mike Pence referred to as China's "debt diplomacy" when he said that any recipients of IMF bailouts would need to be "transparent" about their debt exposure. Mnuchin While Mnuchin's remarks were relatively circumspect, an anonymous official quoted by the South China Morning Post expanded on his warnings and offered a candid update on the status of trade negotiations. With less than two months to go before the G-20 summit in Buenos Aires, when it comes to the US and China, "nothing has changed." "Our view is that when they are ready to have meaningful discussions about correcting the trade imbalances and the structural issues we have in the relationship, we’re willing to talk," the official said. |
THE OVERTHROW OFWEIGHTS AND MEASURES IS CHAOS WEAPONIZED. 1. Bring and restore all mining under the People’s Treasury. 2. Bring all Human Energy (Labor) under the people’s Treasury. 3. Then issue overnight currency supply ballasted on current production, in accordance to the ancient law and root value of “Weights AND Measures.” 4. MINING, ballasted in Bonds, future production. 5. TAX-EXEMPTED CENTRAL BANKING SCHEME IS IMITATION CAPITALISM. 6.2022.7.26. RUSSIA/CHINA HEAD IN THIS DIRECTION!
Wednesday, October 10, 2018
As The World Decouples From The Fed Note,The Transition Is Happening Qui...
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