• Keilik@lemmy.world
      16·
      1 day ago

      Powell’s term ends May 26th anyways, so them/trump trying this now means that things are SUPERFUCKEDTM and he is trying everything in his power to keep the crash from happening before the midterm elections.

    • Tehbaz@lemmy.wtfEnglish
      14·
      1 day ago

      When it collapses due to him installing a mouth breathing MAGA loyalist maybe then Americans will be pissed off enough that it’d be better to put their tools down for a prolonged general strike rather than wait for a rigged election.

      • CharlesDarwin@lemmy.worldOPEnglish
        5·
        1 day ago

        I don’t have any special information, so this may sound like a conspiracy theory, but it seems that when people with very deep pockets have someone fucking with their stuff, it seems like they retaliate and in not-so-peaceful ways.

        And fucking with the markets is very much something these kinds of people consider “their stuff”.

        Donvict is a moron, but it seems he’d be cunning enough to realize this and he probably even had an understanding about this kind of danger on a much lower level when he was rubbing elbows with the mafia in NYC. But maybe he’s not as cunning as I thought.

        • phutatorius@lemmy.zip
          3·
          22 hours ago

          But maybe he’s not as cunning as I thought.

          It’s pretty unimaginable, the infinitesimal scale of his cunning.

        • Tehbaz@lemmy.wtfEnglish
          6·
          1 day ago

          It depends of course on who he puts in to replace Powell. If they are going to blindly drop interest rates like what Trump wants inflation is likely to spike again, which will benefit corporations due to lower borrowing costs while raising prices of consumer goods, but will fuck over ordinary people in a massive way.

  • Mulligrubs@lemmy.worldEnglish
    2·
    20 hours ago

    Whatever the FED does, you can be sure it will put banks first! That’s what they are. Bankers. For-profit bankers.

    For-profit bankers regulating banks and in charge of the money supply, brilliant.

    A few years after the FED’s founding we had the Great Depression, when bankers bought everything for “pennies on the dollar”. Since then, they’ve pulled the rug out over and over and over again.

    Another “correction” will occur shortly, and they will say “it’s the invisible hand of the market we’re just poor hard-working bankers who love America!”