They're after money.
We're all in the way.
this post was submitted on 12 Jan 2026
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We're all about to find out how worthless money really is.
Anyone see the price of gold recently. Something is coming
It's largely because Russia and China are building their gold reserves to decrease reliance on the US dollar. More demand means higher prices. Other investors are moving away from US treasuries and towards gold as the US deficit continues to grow.
This is Jerome Powell, the head of the Federal Reserve, and the guy that controls interest rates to prevent the economy from imploding.
He's been resisting Trump since the beginning, and desperately trying to be the only rational person in the administration that's trying to keep the American economy from collapsing.
Trump is mad that Powell isn't being his lackey so he's been threatening Powell with legit federal charges, trying to throw his weight around.
He actually doesn't directly control rates, he's the chair of a board that includes about a dozen regional vice chairs who all vote on rate adjustments. He presumably has an outsized political influence on their direction but ultimately he's executing on and announcing the board's decisions.
*illegitimate federal charges
Though, I guess the charges can be legit, while the basis for them illegitimate.
It reads like “legit” is being used as “real, actual,” which in this case wasn’t a great choice since the charges are completely… ah… Trumped-up.
I love art with a meaning. This one has a powerful statement. It says " I need context ."
Donny trump and his boys missed how much money they were making when they had 1% interest rates on all their loans. Refinancing real estate empires when the rates drop is like getting a big blank tax free check. Donny wants his check.
where would we be without him
lol my friend just flipped on trump now because of this. :fellforitagain:
Strange that this particular incident was the one that crossed the line.
Libertarians will holocaust any minority for a 2% tax break (He of course will not be in the minority)
Especially since he's been attacking the Fed since his first term as president. Like this isn't even really an escalation.
Really reinforces that most people don't pay attention to politics.
Cause it doesn’t just affect people they don’t like.
I wonder how many countries could have their independent agencies survive a complete partisan government takeover of lunatics
I would argue none, by definition. If they destroy the government through their actions, what comes after isn't quite the same, even if it isn't a total collapse scenario. It's a bit of a ship of Theseus problem though.
I for one, await the hyperinflation that will surely crush the faith based economy and collapse the post 1945 world empire. Right before I could inherit my chunk of it. This land was my land, its now elon musks land from Tesla factory to shining Tesla factory.
Lets save the Fedi instead,
Jerome's fate is stuck with the corrupt SCOTUS him and his pals cleared the way for.
Smash
He lowered the interest rates at a really bad time. He's not in the way, he's rolling out the carpet.
I mean... the job markets are undeniably bad, it's not an indefensible position that the rate should drop.
Trump has been openly and unabashedly trying to throw this guy out for ages, and he (accurately) talks constantly about how tariffs are a big cause of the current economic problems, he's certainly not Trump's lackey. I expect the rates to crater almost immediately after he's gone, because Trump either doesn't care about or literally doesn't even understand the concept of long term consequences.
The markets are running way too hot with the AI bubble and there's a staggering amount of inflation going on. Cheaper money's gonna add fuel to the fire and we'd have already pulled the one lever meant to help stabilize a falling market when things finally crash. It's gonna hurt so bad when Trump's policies continue to worsen things.