Just end the fed- go back to Treasury notes and tell the Central banks to GF themselves
Then arrest them and their families try and execute!
This endless bullshit is destroying the people.
President Trump Responds to Jerome Powell’s Refusal to Cut Rates for Fifth Time Since December
Reporter: You said that higher interest rates are making it harder for veterans to refinance. With the stronger than expected GDP report out this morning, what do you say to analysts who worry that lowering interest rates would actually lead to inflation?
Trump: Well, if that happens, then we'd just raise them. What you do is you lower them, and let's see if there's inflation. Right now, there's no inflation. Everybody thought there would be. All we have is billions of dollars of cash pouring into our country from other countries that took advantage of us for many, many years. You know, they were taking advantage of– we were like the stupid people that didn't know what they were doing. They took advantage of us, other countries, friend and foe. And by the way, the friend was oftentimes much worse than the foe when it comes to trade.
So,if that happens, what you do is you raise your rates and you do what you have to do to stop inflation, but we're keeping the rates high, and it's hurting people from buying houses. So, we don't want that. If, for any reason, that happened, in a year or two, if there's some signs of inflation coming back– right now there's not. We have a great thing going. I think we're going to have the richest economy you've ever seen. We have money coming in that we've never even thought about at numbers that nobody's ever seen before. We have a deal with Japan, where they're going to pay us $550 billion; we have a deal with Europe, where they're doing $750 billion plus $400 billion, plus $300 billion; and many other countries. It's likewise, you know, relatively those are two big ones, but likewise. So, we have a lot of money coming in, and we have no inflation, and we're very strong, and we should be lowering the rates.
You know, each point that this gentleman keeps up costs us $365 billion a year. Think of that, one point, $365 billion. If you bring it down a point, we save 365. We should be the lowest interest rate, and we're not. We're 38, number 38, because of the Fed. It's all because of the Fed. He's done a bad job. Now, he's got a meeting today, but I call [Powell] "Too Late." He's always too late, even if he does it today, probably wont. I hear they're going to do it in September, not today. For whatever reason, nobody knows, but Europe, as you know, cut their rates 11 times in the last short period of time.
But the good news is we're doing better than anybody anywhere in the world. Nobody's doing anything even close to us, even with the higher rates. The higher rates do affect housing though because people can't go out and get a loan or refinance their house, and it would be nice to have them be able to do that. That would be just another check of a box that would be very important.
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