From 2012:
http://www.huffingtonpost.com/2012/09/13...82256.html
Donald Trump: Federal Reserve 'Creating Phony Numbers'
Now recently:
http://www.ibtimes.com/donald-trump-says...ma-2141201
Donald Trump Says Federal Reserve Keeping Interest Rates Low To Protect Obama
Analysis:
Trump has been very consistent on his criticism about the FED for years. He is certainly better than other Republican banker shills like Rubio or Bush. You would think Rand Paul would be on the Trump train because Rand supposedly is a critic of the FED, but apparently Rand is more concerned with sucking the establishment's cock than he is standing for principles.
Compared to Hillary, Trump is a godsend, and compared to Sanders, who just wants to print mad cash, Trump understands how inflation works and why it is bad.
Trump is easily the best candidate this election cycle in terms of issues and personality, by an overwhelming margin. I believe a Trump presidency would usher in a new era of fiscal responsibility because Trump will either audit the FED or put in a conservative Jew in charge of the FED like Reagan did with Paul Volcker.
http://www.huffingtonpost.com/2012/09/13...82256.html
Donald Trump: Federal Reserve 'Creating Phony Numbers'
Quote:Quote:
“They’re creating phony numbers and they’re doing it through stimulus and the stimulus many people would say is the worst thing that can happen,” Donald Trump told a fawning Maria Bartiromo on CNBC Thursday. (Bartiromo called him a "genius.")
The Donald went on to say that the Fed’s decision will cause the dollar to lose value and “inflation to start rearing it’s ugly head.”
The Fed announced Thursday that it would start a new round of bond buying and leave short-term interest rates near zero until mid-2015 -- a year longer than the central bank previously announced -- in an aggressive move aimed at combating high unemployment and slow economic growth. Stocks soared following the announcement.
Fed chairman Ben Bernanke told reporters: "I don't think it's a panacea. I don't think it's going to solve the problem, but I do think it's going to have enough force to move the economy in the right direction."
Others -- some Republicans and other notorious Fed-haters -- are less convinced. The new program will be the Fed’s third round of this type of stimulus, known as quantitative easing, and some have questioned its efficacy.
Republican presidential candidate Mitt Romney called the move "artificial and ineffective" in a statement after the Fed’s announcement. Congressman Ron Paul, who’s been an outspoken critic of the Fed, said the central bank’s announcement shows its “disastrous detachment from reality,” according to WorldNetWeekly.
It seems the Donald agrees.
“The numbers are false; they’re being created and people like me may benefit, but it’s ultimately not good for the economy,” Trump told CNBC.
Now recently:
http://www.ibtimes.com/donald-trump-says...ma-2141201
Donald Trump Says Federal Reserve Keeping Interest Rates Low To Protect Obama
Quote:Quote:
Republican presidential front-runner Donald Trump accused Federal Reserve Chairwoman Janet Yellen of keeping interest rates low to prevent President Barack Obama from leaving office under a recession in an interview with the Hill Wednesday. The New York businessman also said the stock market is in another bubble that will soon pop.
“She’s keeping the economy going, barely,” Trump said of Yellen. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”
Economists have been watching the Federal Reserve closely in recent months, and expect the agency to raise the interest rate, which has stayed close to zero percent since the 2008 financial crisis. U.S. stocks have risen over the past seven years, but the Fed has explained its low interest rate by citing low inflation and the still uncertain global economy.
“You know who gets hurt the most? People who practice the American dream and did what should have been the right way — the people that went through 40 years of their life and saved a hundred dollars every week [in the bank],” Trump said in the interview. “They worked all their lives to save and now what happens is they’re being forced into an inflated stock market and at some point they’ll get wiped out.”
Trump also took a swipe at the Dodd-Frank Wall Street reform law, saying that it has hurt economic growth in the U.S. and that he would “absolutely” repeal it. Since its passage in 2010, Democrats have heralded Dodd-Frank as a way to give regulators greater ability to hold Wall Street accountable and prevent another economic crisis. But Republicans like Trump and many others argue that the legislation is burdensome and hurts small businesses.
“Under Dodd-Frank, the regulators are running the banks,” Trump said. “The bankers are petrified of the regulators. And the problem is that the banks aren’t loaning money to people who will create jobs.”
Analysis:
Trump has been very consistent on his criticism about the FED for years. He is certainly better than other Republican banker shills like Rubio or Bush. You would think Rand Paul would be on the Trump train because Rand supposedly is a critic of the FED, but apparently Rand is more concerned with sucking the establishment's cock than he is standing for principles.
Compared to Hillary, Trump is a godsend, and compared to Sanders, who just wants to print mad cash, Trump understands how inflation works and why it is bad.
Trump is easily the best candidate this election cycle in terms of issues and personality, by an overwhelming margin. I believe a Trump presidency would usher in a new era of fiscal responsibility because Trump will either audit the FED or put in a conservative Jew in charge of the FED like Reagan did with Paul Volcker.
Contributor at Return of Kings. I got banned from twatter, which is run by little bitches and weaklings. You can follow me on Gab.
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