Wednesday, October 10, 2018

TWISTED SYSTEM: Every Single World Leader Is In Bed With Their Central B...




Trump says the Federal
Reserve has 'gone crazy' by continuing to raise interest rates
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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??
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·        
"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 Ago
CNBC.com
The Fed has gone crazy: Trump

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.
Javers hit on stock market FED HAS GONE CRAZY

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.
President Donald Trump in the Oval Office of the White House on October 10, 2018 in Washington, DC.
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


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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.








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by Tyler Durden

Wed, 10/10/2018 - 06:11

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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.

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