Why the DOJ’s subpoena of Jerome Powell backfired so quickly, emboldening Republicans to stand up to Trump
https://fortune.com/2026/01/13/why-the-dojs-subpoena-of-jerome-powell-backfired-so-quickly-emboldening-republicans-to-stand-up-to-trump/
Posted by jonfla
5 Comments
Impeach, Depose, Charge, Convict and Imprison the PEDO.
>The investigation demonstrates the lengths the Trump administration is willing to go to try to assert control over the Fed, an independent agency that the president believes should follow his claims that inflationary pressures have faded enough for drastic rate cuts to occur.
But how does that happen? Real rates are approaching 0%. The only way they’ve been able to drive real rates negative is to print, also called “quantitative easing”, also called “yield curve control”.
That’s how you can tell how this is crap press. Here’s their printing account.
https://fred.stlouisfed.org/series/WALCL
And those amounts manifest themselves as capital gains, both in real estate and the stock market. If they pulled that money out, all those capital gains would go pfft.
They use this interest rate manipulation to alter interest rates so that savers at banks wind up paying an asset tax. At the same time, the government control of price discovery causes it to make sense for corporations to borrow to buy back stock, swapping equity for debt.
The scheme has an Achilles heel, because it requires the printer to never shut off, like a Ponzi. If that chart hits new highs, I call Ponzi.
Trump views the Fed as his private piggy bank as a substitute for competently administrating *fiscal* policy. The problem is on the fiscal side of the house. Not that Biden was doing any better. Fed kept saying “unsustainable deficits”.
Because when you mess with the fed you get disappeared off the planet. The money, its all about the money. And while this may seem to be a conspiracy, look at what happened to President Kennedy and his attempt to remove the Federal Reserve.
We dint want to become the next turkey with erdogan. But the perception for the dollar is not good globally now, to say the least. Deeply worrying.
And perception really is everything. Look up wjst happened in turkey to the Lira, erdogan caused a loss of confidence, massive inflation. In Brazil the same happened a decade ago, real lost 40 pct in a month as the petrobras scandal was unveiled. Just unveiling it’s enormity caused a loss of confidence in Brazil. I fear almost no matter what path we go now, the us is more than possible to unfold in the next currency crisis. Even if he stops powell, especially if Greenland is not a ploy from sonething else.