👆this.
Trump controls the narrative by attacking Powell. This way, it is impossible to attack Trump for weakening the dollar. I believe it is part of the plan to have HIGH interest rates for now and at the same time strong Euro is killing the EU globalists.
That is not say that weak dollar is Trump’s ultimate goal. On the contrary.
I was also thinking this - to get the dollar to such a low level to that US economy will bounce back dramatically. They tried it with the Plaza Accord and that ended with the Panic of 87, but there are a lot more tools at their disposal compared to then.
Yes, I agree that the rates should be higher, if the goal is to work longer term within the current system. But those kind of high rates would mean letting the banks fail and it would mean going through a chaotic period in the real economy. I believe that it is not the goal of the patriots.
I believe that we are experiencing a balancing act where the goal is to weaken the dollar and let the gold (and silver) price go up. The fiat system weakens at same time, draining power from the central banks and their ”elite” cronies. That will eventually set up an opportunity to transfer to a sound money system and get rid of the fed. Then it’s time for free-market interest rates. That is my hopeful scenario.
👆this. Trump controls the narrative by attacking Powell. This way, it is impossible to attack Trump for weakening the dollar. I believe it is part of the plan to have HIGH interest rates for now and at the same time strong Euro is killing the EU globalists.
That is not say that weak dollar is Trump’s ultimate goal. On the contrary.
In the end, dollar has to weaken a bit. It will continue to be the world reserve currency why not be a tool for hegemony.
Also, weaker dollar will be a boon for the exporters.
Take a look at EUR/USD Daily and Monthly charts. It’s getting close to breaking
I was also thinking this - to get the dollar to such a low level to that US economy will bounce back dramatically. They tried it with the Plaza Accord and that ended with the Panic of 87, but there are a lot more tools at their disposal compared to then.
But the interest rates aren't high.
They should be 5-8% for a healthy economy.
Did you think they should be at .5% ??
This will hurt everyone that has a savings account and will cause hyper inflation.
Go look at interest rates during Reagans Presidency.
When he started it was 20% and when he left they were 10%.
How many people complained about the 1980's being a time that sucked?
Yes, I agree that the rates should be higher, if the goal is to work longer term within the current system. But those kind of high rates would mean letting the banks fail and it would mean going through a chaotic period in the real economy. I believe that it is not the goal of the patriots.
I believe that we are experiencing a balancing act where the goal is to weaken the dollar and let the gold (and silver) price go up. The fiat system weakens at same time, draining power from the central banks and their ”elite” cronies. That will eventually set up an opportunity to transfer to a sound money system and get rid of the fed. Then it’s time for free-market interest rates. That is my hopeful scenario.
You may be correct. Trump team should know how to deal with this balancing act of rising gold and silver prices to backing a future currency.