Will Trump Really Challenge The Fed?

[PAF]

Aug 9, 2024

https://rumble.com/embed/v57z87t/?pub=4

Former President Trump had a few scathing words for The Federal Reserve, suggesting that The President should at least have a say in setting interest rates. While it’s understandable that the president would desire such a thing, it’s absolutely not a solution to our corrupt and unconstitutional monetary system. It would certainly make our economic problems much worse, depending on who the president happens to be. The problem that we face is not a matter of who does the price fixing, but that anyone does it at all. No one should fix prices or counterfeit money! That’s the argument that former President Trump should be making against The Fed.


http://www.ronpaullibertyreport.com/

[PAF]

Ron also mentioned DE-Nationalization

[Anti Globalist]

I don't think we'll ever get a president that will challenge the Fed. Doing so would result in getting a bullet in your brain.

[PAF]

I don't think we'll ever get a president that will challenge the Fed. Doing so would result in getting a bullet in your brain.

The people need to demand it and not go along to get along.

[Swordsmyth]

Of course he will.

[acptulsa]

Of course he will.

The Oracle speaketh.

[PAF]

Of course he will.

Ron also mentioned DE-Nationalization

Republicans Declare War on the American Economy

[ClaytonB]

Of course he will.

Sadly, I have to go with the opposition on this one. AFAIK, Trump has not uttered a single syllable of criticism of what the Fed does (its core function of printing money). The closest he's come to doing anything the Fed might not like is swearing off CBDCs and promising to make Bitcoin transactions untaxed. That's an improvement over his previous absolute silence on the topic, but that only just happened a couple weeks ago. So, yeah, Trump needs to yugely up his anti-Fed game, "by a lot".

[PAF]

Sadly, I have to go with the opposition on this one. AFAIK, Trump has not uttered a single syllable of criticism of what the Fed does (its core function of printing money). The closest he's come to doing anything the Fed might not like is swearing off CBDCs and promising to make Bitcoin transactions untaxed. That's an improvement over his previous absolute silence on the topic, but that only just happened a couple weeks ago. So, yeah, Trump needs to yugely up his anti-Fed game, "by a lot".

Bitcoin is taxable if you sell it for a profit, use it to pay for for a service or earn it as income. You report your transactions in U.S. dollars, which generally means converting the value of your Bitcoin to dollars when you buy, sell, mine, earn or use it.

https://www.nerdwallet.com/article/i.../bitcoin-taxes

[Swordsmyth]

Republicans Declare War on the American Economy

Pure CCP trash.

[acptulsa]

Pure CCP trash.

Mises Wire is a Chinese psyop now? That's cute. And I suppose Coke pays for all those Pepsi commercials, too?

[Swordsmyth]

Mises Wire is a Chinese psyop now? That's cute. And I suppose Coke pays for all those Pepsi commercials, too?

It's called controlled opposition, they buy or infiltrate the opposition and turn them to their purposes while maintaining a facade of being opposed in some ways.

[acptulsa]

It's called controlled opposition, they buy or infiltrate the opposition and turn them to their purposes while maintaining a facade of being opposed in some ways.

Mises Wire.

I see.

I don't suppose you have any proof of that, or even any evidence of anything other than it disagrees with you?

[Swordsmyth]

Mises Wire.

I see.

I don't suppose you have any proof of that, or even any evidence of anything other than it disagrees with you?

Supposed libertarians lying about China and using it as a good example is sufficient evidence.

[acptulsa]

Supposed libertarians lying about China and using it as a good example is sufficient evidence.

I'd love to see a quote of a libertarian pointing to China and calling it a good example, if you can take the time from your Sabbath $#@!posting...

[Swordsmyth]

I'd love to see a quote of a libertarian pointing to China and calling it a good example, if you can take the time from your Sabbath $#@!posting...

China, by contrast, got rid of its Maoist “iron rice bowl,” with even the poorest Chinese taking to heart Deng Xiaoping’s admonition that “to get rich is glorious” and increasing their personal savings rates to much-higher levels than your typical American; it’s not hard to spot the enormous difference in the shares of GDP devoted to gross capital formation over this period.

China has reaped the rewards of its people’s thrift with a rapidly growing economy

...

[acptulsa]

They point out that the Chinese government is telling its people to be greedy and exploiting the success they have doing it, and the Trump supporter and self-identified "Christian" says that's praise.

[Swordsmyth]

They point out that the Chinese government is telling its people to be greedy and exploiting the success they have doing it, and the Trump supporter and self-identified "Christian" says that's praise.

It is to Mammon worshiping libertarians and they make it clear in the quote.

[acptulsa]

It is to Mammon worshiping libertarians and they make it clear in the quote.

A completely obvious dog whistle that you just happened to hear, even though you're not a dog.

Got it.

[ClaytonB]

@Swordsmyth: I skimmed over the article and I think your assessment is not correct here. The author is not CCP-propaganda (not even controlled-opp), but he is falling into the trap of idealism, as I did once. We can agree on what is the right action (no tariffs) without having to be ideological purists about it. If Trump/Vance can undo the damage being done to the US economy, and part of the way they do that is by imposing some tariffs on select countries, for a duration, so be it. This is a little bit like if you have a corrupt gang that is running a town, and they are hiding out in a factory outside of town, and you blow up the factory to kill the gang. The destruction of the factory is a loss, and it could be argued that there is a hypothetical world in which a more precision operation could kill the gang and keep the factory, but all things counted, having the gang gone is worth a factory. The problem is that we get so factional on these issues that everyone loses perspective. "You're destroying a factory!" or, "you're just protecting the gang!" Rather, we can acknowledge the cost (real economic destruction resulting from destroying the factory) and the benefit (stopping the gang, once and for all) and then ask the question whether the benefit is, indeed, greater than the cost. In this case, it's clear to me that the CCP influence in the US economy is so enormous and so malicious that it is worth cutting the tentacles off with the sword of punitive tariffs. But there will be real Americans who are hurt by this, and it will do damage to our own economy, as well, like slicing off a leech at the cost of losing some of your own skin. Both the costs and benefits can be simultaneously acknowledged. The article is examining just the costs. It is critical of NatCons but it's also an open question in my mind whether they are actually any different from neoCONs... so you might not like the critique but it's not propaganda.

[jmdrake]

Of course he will.

Based on his track record there is about as much reason to believe that as there was to think one of the XY chromosome boxers were somehow going to lose in the Olympics. I mean yeah anything is in the realm of possibility but...

[LibertyEagle]

They point out that the Chinese government is telling its people to be greedy and exploiting the success they have doing it, and the Trump supporter and self-identified "Christian" says that's praise.

However, that’s not what happened in Hong Kong when Communist China took them over. What happened to all the Hong Kong protesters? After the Chinese government sent their troops in, they went poof and never another word about them. And then there is the Falun Gong, who at last check, were still having their organs forcibly taken from then and sold by the Communist Chinese government.

[acptulsa]

What happened to all the Hong Kong protesters?

Nothing good. Why? Have you mistaken me for someone who ever said anything nice about the CCP?

[BLilly]

Supposed libertarians lying about China and using it as a good example is sufficient evidence.

No it's not. Stop making things up. It's juvenile
And no Trump won't challenge the Fed. He doesn't have the backbone to audit the Fed