Even Tom Woods Can't Take the Right Wing Version of TDS

[AZJoe]

I can't comment on Stockman's article or any replies to it because I haven't read them but I doubt he was arguing with real Trump supporters, real Trump supporters would know that he is making the Fed an enemy.

No he isn't. Trump is not calling for ending the Fed. Trump calls the Fed his "biggest threat," saying its "gone crazy," but Trump's complaint is that the Fed is not wielding even more power to distort the economy and artificially blow up bubbles more than it already is.

Trump is not contesting the Constitutionality of the Fed. He is not exposing its destruction of currency value, its theft by inflation. He is not exposing its silent transfer of wealth from the workers and savers to the wealthiest .001%. He is not proposing free competition in currency or even sound money. He is not calling to end the Fed. To the contrary, Trump is complaining that the Fed is not manipulating the the economy enough to blow up bubbles; that its not suppressing rates enough and not inflating bubbles fast enough.

Trump whines that the Fed teensy tiny quarter point rate hikes are destroying the "the greatest economy ever". The greatest bubble ever is what it really is. If he were against the Fed he would call for ending it. He would be calling for allowing the market to freely set interest rates rather than begging the Fed to artificially suppress them. He would support free competition in currency or at least sound money. Trump's criticism of the Fed fully align with the likes of Paul Krugman.

Rather than expose the market distortions and phony bubble economy created by the Fed, Trump as president instead stupidly decided to take full credit for the tail end of the Fed's recent ten year bubble. As a result, Trump is now desperately trying to avoid any necessary market correction and wants to keep the bubbles going. He doesn't want to get stuck holding the hot potato when the bubble blows.

Trump is:

[acptulsa]

No he isn't. Trump is not calling for ending the Fed. Trump calls the Fed his "biggest threat," saying its "gone crazy," but Trump's complaint is that the Fed is not wielding even more power to distort the economy and artificially blow up bubbles more than it already is.

This. +rep.

Left wing and right wing TDS is the same disease. People who don't understand what the hell's going on have to rely on clues, and somebody's definition of who the good guys are. That's why most partisans are idiots, and most idiots are partisans.

The smart people on my team say the Fed is bad, and Trump's yelling at the Fed. So Trump must be on my team! No. If he was on your team he wouldn't yell at the Fed. He'd kill it.

[dannno]

No he isn't. Trump is not calling for ending the Fed. Trump calls the Fed his "biggest threat," saying its "gone crazy," but Trump's complaint is that the Fed is not wielding even more power to distort the economy and artificially blow up bubbles more than it already is.

Ya, Trump has no clue

It's no secret that Donald Trump is unhappy with the Federal Reserve and the person who heads it: Janet Yellen.

Now Trump is blaming the Fed for creating a "false economy" with its emphasis on extremely low interest rates.

"They're keeping rates down because they don't want everything else to go down," the Republican presidential nominee told Reuters on Monday.

Trump said the "only thing that is strong is the artificial stock market."

9/6/16

https://money.cnn.com/2016/09/06/inv...omy/index.html

[dannno]

I wish we had a President who understood the Fed..


Trump: Low Interest Rates Are Great For Rich People Like Me, Bad For The Country

Posted By Tim Hains
On Date September 12, 2016


https://www.realclearpolitics.com/vi...e_country.html


Oh wait..

[AZJoe]

I wish we had a President who understood the Fed..
Trump: Low Interest Rates Are Great For Rich People Like Me, Bad For The Country
Posted By Tim Hains
On Date September 12, 2016
https://www.realclearpolitics.com/vi...e_country.html
Oh wait..

Ya, Trump has no clue
https://money.cnn.com/2016/09/06/inv...omy/index.html

Yeah, that was Trump the candidate back in 2016. Trump the candidate was correct when he actually called it a phony economy, and called the jobs numbers phony.
However as soon as the Trump took office, the same job numbers he called phony all of a sudden became real, and the same phony bubble economy all of a sudden became "the greatest economy ever!"

[dannno]

Yeah, that was Trump the candidate back in 2016. Trump the candidate was correct when he actually called it a phony economy, and called the jobs numbers phony. However as soon as he took office, the same job numbers he called phony all of a sudden became real, and the same phony bubble economy all of a sudden became "the greatest economy ever!"

Why do you suppose he did that?

[acptulsa]

Ya, Trump has no clue


https://money.cnn.com/2016/09/06/inv...omy/index.html

An article dated twenty-six months ago.

Play Video
When will the Fed hike interest rates again?
Donald Trump: Fed has created a 'false economy'

By Matt Egan September 6, 2016: 10:27 AM ET
It's no secret that Donald Trump is unhappy with the Federal Reserve and
the person who heads it: Janet Yellen.
Now Trump is blaming the Fed for creating a "false economy" with its emphasis on extremely low interest rates.
"They're keeping rates down because they don't want everything else to go down," the Republican presidential nominee
told Reuters
on Monday.

Trump said the "only thing that is strong is the artificial stock market."
It's the latest example of Trump doubting the bull market in stocks and criticizing the Federal Reserve, an institution that tries hard to avoid being seen as having political motivations.
Trump has previously accused the Fed and Yellen of keeping rates low to help President Obama's poll numbers. Obama nominated Yellen as the central bank's first female chair in October 2013.

"We have a very false economy," Trump told Reuters. "At some point the rates are going to have to change."

So he whined then that the Fed helped Obama with artificially low rates, and now he's whining that the Fed is threatening to stop helping him with artificially low rates. In other words, what he called for then he doesn't want now.

He flip flopped.

Thanks for pointing out his flip flop, dannno. Very enlightening.

Why do you suppose he did that?

We all know why Candidate Trump contradicts President Trump, dannno. Let's see if you can figure it out. Why do you suppose he did that?

[dannno]

An article dated twenty-six months ago.



So he whined then that the Fed helped Obama with artificially low rates, and now he's whining that the Fed is threatening to stop helping him with artificially low rates. In other words, what he called for then he doesn't want now.

He flip flopped.

Thanks for pointing out his flip flop, dannno. Very enlightening.

Ok, why do you suppose he did that?


This is an intelligence test, let's see if you can pass.

[dannno]

Bonus Question:

I think we can all agree that Trump had it right back in 2016 when he was saying that we had a fake economy propped up by artificially low interest rates, that was helping the rich and hurting the country.

What percentage of the US population, do you believe, understands this problem as well as Trump did back in 2016?

[AZJoe]

Ok, why do you suppose he did that?
This is an intelligence test, let's see if you can pass.

That was already answered here:

Rather than expose the market distortions and phony bubble economy created by the Fed, Trump as president instead stupidly decided to take full credit for the tail end of the Fed's recent ten year bubble. As a result, Trump is now desperately trying to avoid any necessary market correction and wants to keep the bubbles going. He doesn't want to get stuck holding the hot potato when the bubble blows.

[acptulsa]

Ok, why do you suppose he did that?


This is an intelligence test, let's see if you can pass.

How can the class pass when the teacher already flunked?

[dannno]

How can the class pass when the teacher already flunked?

Why don't you answer and let others judge for themselves?

[dannno]

That was already answered here:

That is in the right direction, you are about 25% of the way there.

Re-read your own statement, and then answer again: Why do you suppose that is?

[acptulsa]

Why don't you answer and let others judge for themselves?

Because all I could do is repeat what Joe spoon-fed you twice--and which your cognitive dissonance is still preventing you from understanding.

Everyone here but you can see it.

[CCTelander]

How can the class pass when the teacher already flunked?

Dannno should go back to arguing with the women here about how much they in fact enjoy cervical, shall we say, "stimulation" (the women themselves described it much less pleasantly) during sex while those very women were telling him flat out that they found it unpleasant and painful.

He wouldn't be making any more sense, but at least he'd be doing a great deal less harm.

[acptulsa]

He wouldn't be making any more sense, but at least he'd be doing a great deal less harm.

I disagree. Now he's just demonstrating that we put up with idiots in our midst. Back then he was demonstrating that we put up with totally sexist idiots in our midst.

That is in the right direction, you are about 25% of the way there.

Re-read your own statement, and then answer again: Why do you suppose that is?

dannno, you can dream up sixteen tons of 3D Chess Obfuscation (TM) like you always do. But the simplest explanation is usually right. Blowing bubbles makes a sitting president look good (until they burst, which doesn't appear to be imminent). Candidate Trump of The Opposition Party voted nay, Sitting President Trump is voting yea.

This ain't rocket science, and we don't need a space cadet to explain it to us.

[Origanalist]

Dannno should go back to arguing with the women here about how much they in fact enjoy cervical, shall we say, "stimulation" (the women themselves described it much less pleasantly) during sex while those very women were telling him flat out that they found it unpleasant and painful.

He wouldn't be making any more sense, but at least he'd be doing a great deal less harm.

I don't know, both are pretty amusing.

[CCTelander]

I disagree. Now he's just demonstrating that we put up with idiots in our midst. Back then he was demonstrating that we put up with totally sexist idiots in our midst.

True, but back then nobody could possibly get the idea that he had any considerable support from the rest of us for his idiocy. That is not the case now.

[dannno]

Nobody has event attempted the bonus question..

[dannno]

Dannno should go back to arguing with the women here about how much they in fact enjoy cervical, shall we say, "stimulation" (the women themselves described it much less pleasantly) during sex while those very women were telling him flat out that they found it unpleasant and painful.

He wouldn't be making any more sense, but at least he'd be doing a great deal less harm.

It was actually a single woman who was describing it as unpleasant, claiming that it must be unpleasant for all women, when that is actually not the case. For many women it is pleasant. Men like different things from each other when it comes to sex, and so do women. I don't claim all men like the things I like, and all men hate the things I hate. But I don't expect your memory to be that great.

[acptulsa]

Nobody has event attempted the bonus question..

You want us to guess what percentage of the population understands the concept of fiat currency-driven bubbles? Why?

Here's a bonus question for you: Now that Trump's benefitting from the bubble, what is he currently doing to educate people about the problem?

It was actually a single woman who was describing it as unpleasant...

Shall we test your memory?

[dannno]

Ok, so here are the answers to the quiz. I hope Tom Woods reads this thread.

This has nothing to do with 3D chess, and everything to do with common sense. It's really, really basic $#@!.


1.

Trump clearly had an incredibly accurate understanding of the Fed in 2016. In fact, I would say that probably less than 1-2% of the population understands the problems with the Federal Reserve as clearly as Trump (Answer: Bonus Question).

Had Trump done the right thing and come out with an honest explanation to the country that our economy was in a huge bubble (because of the Fed's low interest rates) and that it was required that we reduce spending and go through a huge recession - do you think that would have gone over well?

First of all, the media doesn't communicate anything Trump says properly, ever.. and the media loves the fed so we know the message never would have reached the people unless he tweeted it out. Twitter only allows so many characters.

Second of all, since only 1-2% of the population understands things this way, what effect would that have had considering the major media would never have communicated the message? Almost zero.

Thirdly, congress won't vote to reduce spending and the Fed would never cooperate with Trump.

Even if he was able to accomplish this, however, the only result I can possibly think of from taking such an action, or at least the most likely result, is that the economy would go down. Then the media would blame it on Trump and his anti-fed policies and raising rates and reducing spending.. the Democrats would then take over power and reduce the rates and increase spending.

What we need to do if we are going to let the economy unravel under a good President is have AT BARE MINIMUM 5-10% of the population understanding the problem with the federal reserve so that when things get worse, there are enough people out there to educate others so that those policies don't get blamed and instead understand that it was past policies that caused the pain. Otherwise the policies that were being used to fix the mess will be blamed.

[dannno]

Here's a bonus question for you: Now that Trump's benefitting from the bubble, what is he currently doing to educate people about the problem?

Trump is in no way 'benefiting' from any of this, that is complete nonsense. Trump has already lost billions of dollars in personal wealth since he has become President, and that was a cost he was willing to pay to help fix the country. He should be lauded for being so completely unselfish. But instead the left makes up a bunch of crap about how this whole thing is some how benefiting Trump.

[acptulsa]

Trump has already lost billions of dollars in personal wealth since he has become President, and that was a cost he was willing to pay to help fix the country.

I notice you expect us to take this statement on faith. Because none of your posts ever contain a hint of hyperbole.

Uh, ya, that was one case I was referring to.. I have personal experience with many more cases, have witnessed countless others, and there are plenty of testimonials from other women to be found. I don't understand how this is such a big controversy.

[dannno]

I notice you expect us to take this statement on faith.

'I've lost billions of dollars' since becoming president, Trump says




Trump has lost $1 billion in personal wealth since running for president

https://www.nbcnews.com/business/bus...sident-n916221


$1 billion or billions, I don't think anybody knows. But if you think there is a difference and some how that makes me wrong, you are probably just being a dick.

[acptulsa]

, Trump says

Oh, well.

www.nbcnews.com/

Since when do you consider them an unimpeachable source?

$1 billion or billions, I don't think anybody knows. But if you think there is a difference and some how that makes me wrong, you are probably just being a dick.

And why are we assuming I meant he's benefitting financially? Could he not benefit politically instead?

[dannno]

And why are we assuming I meant he's benefitting financially? Could he not benefit politically instead?

What does he gain from being in politics? He is a billionaire. Politics is literally the worst thing in the world. He lost a lot of money doing it. He is doing it for his son, so that he has a better world to live in, even though he will have less wealth.

[acptulsa]

What does he gain from being in politics?

Do I really need to explain to you the difference between political gain and gain from politics?

Really?

[Origanalist]

What does he gain from being in politics? He is a billionaire. Politics is literally the worst thing in the world. He lost a lot of money doing it. He is doing it for his son, so that he has a better world to live in, even though he will have less wealth.

LOLOL, we should all thank Trump for his selfless sacrifice, ha ha ha ha. It has nothing to do with his ego or insatiable desire to be in the spotlight. He's just a humble servant trying to do his best for his country. LMAO

[CCTelander]

LOLOL, we should all thank Trump for his selfless sacrifice, ha ha ha ha. It has nothing to do with his ego or insatiable desire to be in the spotlight. He's just a humble servant trying to do his best for his country. LMAO

I know, right? Bat $#@! crazy doesn't even come close to describing it.