2008 Never Again
Donald Trump views the current form of the U.S. government as an anomaly and the era between 1776 and 1913 as the real United States of America.
To him, the Founders are sacred and the Constitution is alive and well.
For President Trump, who views the world through the lens of winning, the era between 1870 and 1895, when the U.S. was the richest in relative terms and most innovative, with a surge in industry, between 1985 and 1930, is the role model.
Trump knows that progressive president Woodrow Wilson snuck the Federal Reserve System into existence, alongside the amendments to the Constitution, which Woodrow Wilson despised.
Therefore, to President Trump, the Federal Reserve Bank is the anomaly, not the original intent.
He has no problem getting rid of it, if a common-sense solution could replace it, without too much temporary damage to financial markets.
In 2008, with the implosion of the financial system, the Fed's influence over the economy reached its highest level since its inception.
The FED's role was most capped between 1945 and 1971, under the Bretton Woods Gold Standard, but with the end of it in August 1971, the Federal Reserve started to manage interest rates in a fiat monetary system and the age of engineered solutions commenced.
In 2008, with the pathetic leadership of the White House during Bush and Obama, these central bankers came up with toxic and ridiculous ideas on how to solve crises.
Zero Interest Rates Policies (ZIRP) and Quantitative Easing (QE) and all sorts of crappy new terms and notions.
With the first term of Donald Trump, the FED's independence was put into question for the first time since 1913 and President Kennedy's issues with them, but the pandemic and the stolen elections of 2020, brought a resurgence of their powers.
On November 5th 2024, the FED's power peaked and it will continue to diminish, as the people gain back their free economy.
That's why the dollar fell for the fifth straight month, testing down to support at three-year-lows.
Courtesy: Zerohedge.com, Bloomberg
This is the 4th time the dollar has reached this support line and, this time it will not hold and rebound, but continue down by 12%-15%!
President Trump has made it clear to Jerome Powell that the pressure on him will continue. The American people want lower interest rates and policies, set by domestic needs, not global ones.
There is no doubt that after Trump lowered tariffs on China from 145% to 30%, the dollar was expected to rally, but it hasn't.
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We think the dollar is going to head down more because that is what this administration wants for many reasons, including manufacturing competitiveness.
Courtesy: Zerohedge.com
The Federal Reserve Bank is a progressive elitist concept, so far removed from the original idea of the Founding Fathers and far removed from the values of liberty, free markets and decentralization.
I expect it to be gone and out of our lives in the next 20 years.
In the meantime, it will continue losing prestige, credibility and power.
Best Regards,
PortfolioWealthGlobal.com
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Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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