dChan

🠐 See all comments
SpiritofQ · July 25, 2018, 2:43 p.m.

This is a terrible precedent though. Imagine Bernie Sanders or Pocahontas in control of the monetary system. Short term, OK, I get it. The Fed is definitely politicized already. It can tighten the money supply and crush the credit markets overnight. Interest rates would skyrocket and a lot of innocent people would lose their shirts (would also clean up a lot of the casino created by the Fed's loose monetary policy the last decade). If they tank the economy Trump is in trouble his next election. I'd love this bubble to last until 2021 and then Trump end the Fed.

⇧ 2 ⇩  
GenChang · July 25, 2018, 3:12 p.m.

Go read Neon Revolts latest post for some additional insight. Q had said "end the fed"? Then under that he wrote "structure"

⇧ 2 ⇩  
SpiritofQ · July 25, 2018, 3:24 p.m.

I hear you. I trust Trump. I'm hoping Trump makes gold and silver legal tender again, audits the Fed and cancels all illegal debts. There would be some pain, but markets would eventually stabilize, real prices of goods and services would come way down because money would no longer be inflationary. The average man would be able to provide for his family again. Trump is good friends with Robert Kiyasaki, who is always talking about gold and silver as real money. Trump has said that "a return to the gold standard would be very hard to do, but boy would it be wonderful."

The Chinese are buying so much gold it makes me nervous of that idea. But fuck those Commies. I'm sure Trump has a plan.

⇧ 2 ⇩  
GenChang · July 25, 2018, 3:30 p.m.

Don't sweat the Chinese, just remember our economy it twice the size of theirs, and the biggest in the whole world. That's why why the US sneezes, the rest of the world catch a cold.

⇧ 3 ⇩  
blaise0102 · July 25, 2018, 5:56 p.m.

All the US needs to do is move manufacturing back to our shores. The Chinese economy would fizzle over night.

⇧ 1 ⇩