They're now saying it out loud: The Administration's goal is to undo the political independence that Congress granted the Fed, so that the President can directly set rates.
They're now saying it out loud: The Administration's goal is to undo the political independence that Congress granted the Fed, so that the President can directly set rates.
Sure, let the corrupt ignorant bankrupt x 6 orange shit gibbon decide... fucking mind-boggling.
Because we should all listen to Shady Vance, bought and paid for by Peter Thiel who just got another government contract.🤬🤬🤬 🖕 Vance. You don't know anything about regulating a government interest rate or the balance sheet of America. Working class people built America, not billionaires.
The dude bankrupted casinos. 🤦🤦♀️🤦♂️
Omg 😳
Why would he want control of rates? 🤔 Trump buys more than $100 million in bonds since inauguration, disclosure shows | Reuters share.google/SPQa364z2wMZ...
Yale Law grad.
Partially correct. They want to undo the political independence of anything not already directly controlled by the executive branch.
Short term gains for long term loss, Econ 101
More alarming shite! Yay 🤪
Jesus Christ This administration has no regard for expertise. No scientist or doctor knows better the trump/Vance No economist knows better the trump/Vance No agricultural knows better then/trump/Vance No environmentalist knows better then trump/Vance No justice knows better then trump/Vance
A robot could do Vance's job. Just feed it answers from Project 2025.
he's gonna kill us all
It's past time for the "big boys" to reel in these whackos. I don't know who they are or where they live, but they are like Opus Dei, or the Deep State, or Illiminati, but whoever they are, may the Force be with them as they jerk these idiots from power.
Lord help us.
Ah, so, Clinton, Obama and Biden would have made better choices : because POTUS, knows better ?
Donnie boy clearly plans to tackle the US debt crisis by devaluing the dollar. Hence gold has been on a steady upward climb.
I just really wonder if there’s any, *literally any*, historical evidence that shows the setting of monetary policy by a politician works/is better? We sure have enough evidence of when it doesn’t, so at this rate I also just have a morbid curiosity of what _evidence_ they’ll roll out.
I'll bet the average American and the majority of MAGA voters have no clue what the Fed even is. But I guarantee you, they will understand exploding prices & crashing buying power. The question is: Will they blame Republicans or Democrats? Not sure I want to know the answer.
The guy he's talking about is not able to make any determinations at all. I don't even trust him with his picks for the Kennedy Center honors
Omfg I couldn't listen to the whole thing! Pretty sure I would rather our monetary policy be guided by professional economists rather than a TV show host or a bad writer.
Fuck this asshole. Would be a big step in the destruction of the US dollar and our value as an economic system with proper checks, balances and transparency. The regime of piggident rump the pedo wishes to destroy this just like he has done to USG. Shitification ho!
No worries. Wall Street loves fascism, so there will be no market collapse to put pressure on these clowns.
Yep....that's exactly what he said. Like fucking MSM needs to help us out a little here. I mean trump said out loud something about many people are saying maybe it would be good to have a dictator. Just another idiotic story for the day. Flys right under the radar for 97% of America.
I’ve heard legal ‘experts’ also say that elected officials should be more trusted about the law than judges, just because they were elected…
It's OBVIOUS Trump wants to control the Federal Reserve.
Oh please. Trying to appease his maga Base and distract from the files RELEASE THE FILES RELEASE THE FILES
Vance is and always will be a fascist piece of shit.
Trump is a buffoon but still dangerous. Vance has the charisma of the dead but he’s a fucking viper and backed by the most powerful people in the world. He’s very, very dangerous.
That's the best name for him, especially soon: "The first dead living President."
- "Hail to The Chief" replaced by the Cranberries' "Zombie." - "The Walking Dead" now part of social studies and current events. - "I Am Legend" taught at West Point as part of training against small forces - National mandate to wear eyeliner 24/7 (unless it rains) - Invention of couch IUDs
The serenity with which he presents what he knows is complete nonsense is utterly revolting. Probably why he was chosen.
They both are.
Definitely but Trump is almost dead. Vance has a long life ahead of him.
Yes, but I don’t think that matters. Unfortunately there’s enough rot to keep this crap going for quite a while.
Surely is.
Personality of a large box of dirt...
To say nothing of the company he keeps.
"Charisma of the dead." Sounds like a horror movie that someone needs to make.
Or a punk band
Yes! Very good. Or at the very least, it should be the name of a Guided By Voices song.
A horror movie featuring that song in the soundtrack! I don’t know Guided By Voices.
The band has lots of strange song titles: "Twilight Campfighter" "Game of Pricks" "Little Whirl" "The Official Ironmen Rally Song" "Tour Guide at the Winston Churchill Memorial" Robert Pollard tends to write too much and so not all the songs land. But this one's good: www.youtube.com/watch?v=IKFC...
They should add a new one, as tribute to Mrs Vance: 'Indian Ersatz-Couch' 😎😈
Nice.
I live in the EU 🇪🇺 - in fact we are permitted freedom of speech here, irrespective of Shady Dunce's utterly irrelevant as well as faulty personal opinion. 'Indian Ersatz-Couch' is indeed the predominant assessment of Mrs Vance's raison d'être in our realms.
I would have been listening to Wbcn around that time it came out.
I know this one, it’s good.
Or the album Oingo Boingo decided not to make. (Spoiler alert, I'd still buy a bootleg of the damn thing)
I forgot about Oingo Bongo!
Absolutely loved them (and the Charisma of the Dead definitely sounds like something that didn’t quite make it onto Dead Man’s Party.
Dead Man’s party is awesome. I watched a full set of that not too long ago from when they first were performing the music live; Elfman was electric.
Shut up JD - I want to believe you are not this stupid but every day you prove me wrong!
POTUS is a 34 count Felon, a grifter and criminal. No way should he ever be in charge at the Fed, Vance you are just an ass kisser. Good job at destroying any credibility you had, fucking clown.
Trump will set rates, inflation will skyrocket. Trump and MAGA will blame Biden. The corporate media will nod obediently.
Accepting the Federal Reserve law is unconstitutional because the President can't fire the members at will, the next legal step is "severability" - is the Fed itself unconstitutional because parts of the Fed law is unconstitutional? If so, Trump can't fire Fed board members because there is no Fed.
Wouldn't that be very socialist if the POTUS could set rates, just like buying 10% of Intel?
Same week they took a stake in Intel? Big week for the free market absolutists in the GOP
The problem is the people didn’t elect them. The outdated electoral college and musks interference in our voting machines got these pieces of shit into office.
To JD Vance: But...but...but...what if POTUS is an absolute moron with no credentials in economics and multiple bankruptcies who will only make decisions from which he will personally profit?
I'm still trying to figure out if J.D. Vance is a bootlegger or a bootlicker. I suppose they're not mutually-exclusive thoughts.
He’s a first-rate sophist.
Unfucking real. The gall of these assholes. Fuck them into oblivion. When they’re out they need to be extinguished.
POTUS can’t find his @ss with both hands and a road map. Not to mention that he has a long and well known record of business bankruptcies and not paying his bills and loans.
NO, he fucking well isn't. He's economically illiterate. He's an ignoramus when it has to do with anything that concerns the economy or foreign trade. Also, you're Peter Thiel's errand boy, so everything you do is for him. Now they want his friend running the CDC. He should be deported.
How weak is Wall Street?
"Il Duce ha sempre ragione" "Credere! Obbedire! Combattere!"
JD, sit. Now roll over. Now fetch. Good boy.
And we thought he f’d up enough with his tariffs farce. If he gets control of the Fed……💥
POTUS is barely capable of telling what day of the week it is.
This idiot Vance is totally ignorant of the list of nations that fell into chaos after they took over and nationalized their banking.
Scary that he’s the President in waiting given the speculation as to Trump’s health
Holy fucking shit. POTUS is definitely not capable of anything close to what the Fed does. Vance is full of shit.
Trump can't count change to buy a Big Mac.
Hey JD👇👇👇👇
Who is the interviewer? How could she not pull him up when he said members of the Fed should be held to the highest standards. Shouldn’t the president be held to some sort of standard too?
Money will leave this country, the likes of which never imagined
🤮 high standards ...
Oh Jesus, are we in trouble.
It’s like the Greeks said Hubris (arrogance) breeds defeat
The president is certainly not 'better able' to make these decisions. That's absurd. Above all else, especially not THIS president. He's absolutely stupid and not at all interested in doing what is best for the economy or the country - even if he did know how which he does not.
Markets should be plunging on these remarks but they won't because they always dismiss risks to the economy until it's too late. Argentina style hyperinflation is definitely in our future once Trump gets complete control of the Federal reserve policy making.
Vance is a sorry excuse for an American. He's as much a traitor as tRump, Bondi, Kennedy, Noem, Babbitt & Hegseth.
Next he's directly controlling the military. Ships will be constantly sailing making outlines of the American Flag. Every aircraft flying constantly, emptying rounds and bombs into the best coral reefs. Oil and arms companies have never been more successful!
They think the guy that bankrupted 6 businesses—including a fucking casino—should set rates?
Did he actually go to college? These folks aren't bureaucrats, they're professionals working pretty hard to keep our economy in line. Decades for some. And not ONE person alone can make these decisions. Only one who has outstanding loans seeking lower rates. For himself.
🤦🏼♀️🤦🏼♀️🤦🏼♀️
Sad and crazy times😢. Please join in a nationwide protest on September 1st. We need to show up and resist this dictatorship! It needs to be as big or bigger than the June 14th protest. #September1stProtest
Yes, because 84% inflation sounds fun.
I read this and pictured Slim Pickens riding the A-bomb in Dr Strangelove.
Substitute Titler for Lisa Cook here and maybe this schmuck is on the right track. On another note, his hunch over and grab the hands sitting style is reminiscent of someone, eh?
YEP! static.heritage.org/project2025/...
Well. We are all going to be so fucked when he destroys his confidence in our credit. How does this benefit the billionaires? Someone’s gotta have money to be able to buy their shit that they make.
So he can bankrupt the country like he bankrupted his businesses.
Recipe for utter disaster
Yeah, a guy who has declared bankruptcy six times must be a financial genius.
Pathetic attempt at creating a pseudo-intellectual basis for consolidation of power and destruction of American traditions and norms. I’m not sure to whom it is supposed to appeal.
Who better to directly run an economy than the guy who bankrupted SEVERAL casinos?
So now he will manipulate the economy by raising and lowering rates to suit his political or financial needs. World economy be damned!
Amazing logic. Tomorrow he will be the best doctor and can make healthcare decisions based on his medical knowledge. He has public opinion behind him.
But they couch it in a way that sounds reasonable to anyone who doesn't understand civics or how govt is suppose to work. Elected-by-the-people representatives vs. bureaucrats. And A LOT of people don't know civics.
A President who has bragged about being the “king of debt”. It is in his best financial interest to lower rates his leveraged businesses pay. Why does no one square that circle or is it just me?
Interest rates are set to support the Fed’s twin mandate: reward those who are nice to the President, and punish those who are mean to the President.
They really, really, really want to destroy the credit of what used to be called "the United States" while the debt is about $36 trillion.
Long end of the curve gonna be shooting to the moon....🌛
We already pay more on interest than we spend on the military. Increased risk will drive higher interest rates. Each basis point (0.01%) up adds several billion to the annual bill. If you're one of the really big $ guys, domestic or foreign, do you want to buy $100 billion more in Trump admin debt?
$36 trillion to $41 trillion yearly interest on $36t $1.1 trillion yearly interest on new loan $41t $2 trillion the higher interest rate is due to downgrade from Moodys from AAA to Aa1, citing long-run fiscal imbalance (trump)
I don't think congress matters any more
…that would be the end of foreign investment in the USA Monetary policy set by a an irratic tyrant? 🙂↔️ no thanks
He'll lower them by 1500%
📌
These people must be stopped.
They are Anti-Constitutionalists
Oh, at least that always ends well... 🙄
As General Ben Hodge named the dt sycophants & operatives The word is: "butt-snorkeler"
What a dolt
When Vance speaks, I see this.
🤣🤣🤣🤣🤣🤣
We are in a race between them consolidating power and ending democracy vs them messing up so spectacularly they never get elected again. Sadly we hope the latter wins.
It's an optimistic take to assume there will be free and fair elections and that the regime will honor the results.
We’re not there yet. But we don’t have a lot of time.
IMHO you have to fight with everything you got or your republic will be gone by the end of his term.
Totally agree, we have reached that point.
This is what happens when you elect a malignant narcissist w/ dementia. Can't wait for those high double digit inflation rates--making it great! For expert discussions on his cognitive decline, follow Dr's John Gartner & Harry Segal on the "Shrinking Trump" podcast. Our weak media won't cover this!
Yeah; stable Genius making the financial sector feel safe and sound.
If they develop a euro bond the US will be in deep shit...
Just was thinking - if US treasuries issuance slows but along with foreign demand of same, they've not really improved financial conditions in the US, have they? These can only really improve when incomes grow as productivity rises, then by taxation gov. can make it so issuance falls behind savings.
With no productivity/tax/exports increase they depend on bond sales to pay interest on existing bonds and support government costs - the debt spiral. Whether they can support this by domestic bond purchases but may be inflationary..
In theory controlling discretionary spending can contribute to reducing the deficit, but despite "savings" in the #OBBB they've been spending more not less, which is puzzling. Overspending the budget will trigger an alarm in bond markets/inflation, that's for sure. To go like that'd be dumbfounding.
But what Vance's discussing is actually a textbook example of whether "experts" should prevail over sentiment or should government decisions be guided too by how people feel about issues. Kahneman writes about it in "Thinking, Fast and Slow" noting Slovic and Sunstein and weighs in for a middle way.
Psychology is weaponised against the people since a long time ago, this is just blatantly scripted...
Not potus - Fascist
We had a good run.
The world economy will collapse. I suppose Trump is someone I should have repair my car? Brain surgery? Fly a rocket to the moon? Trump is like many of his followers, he doesn't read anything. Trump believes he has a natural ability to know everything. The last person anyone should follow.
Donald Trump will stop at nothing on his path to making sure he bankrupts America.
The Adminstration’s goal is to undo the political independence of the Fed so that the President can rob it.
One hundred percent true. Global scale embezzlement was always their plan.
& greedy fascist hidden & obvious billionaires quietly running the Trump show-they will steal & grift all wealth &eat the 99%!🩸💰
The Administration's goal is to turn the USA into Russia.
Russia is broke, without their nukes no one would bat an eye if Russia were to disappear. These ghouls are eyeing the Chinese way of doing things.
They’re in full blown take all the money and burn it to the ground mode and you’re barely into the second half of the first year.
That will go well.
To Vance: “Maybe if the president knew something about economics and monetary policy.” However, it’s pretty damn clear your boss is an ignoramus about economics, and learned nothing useful at Wharton.
The POTUS bankrupted all his companies. Are we sure we want to listen to him about fiscal policy?
🤣🤣🤣
Basically every major economy in democracies has an independent group which thinks longer term than an election cycle for setting rates.
They did this in Turkey and got 85% inflation.
Reverberations would surely shake the World. How to destroy the financial world in one? Just imagine - a President having personal hands-on of such. Presumably without proper legal oversight & safeguards. A president who reportedly discussed why he might have purposefully crashed stock market
I really don't understand the people still wandering around telling people to max out the match in their 401ks like it's still 2024.
Such a dumbass A) the people long ago decided the Fed should be independent. B) An allegation of a minor offence is enough to fire a fed board member? But he defends an impeached, convicted felon in the post of president? 🤦♂️ And the Pres has had input. He has stated his (dumb uninformed) opinion.
Wow. So much not “better able” to make these decisions. Zero training and not listening to advice. Like a toddler who wants the training wheels removed from his bike and then wants you to let go.
All this coincides with him saying people want him to be a dictator too. Seems like it’s all going towards the same end.
Didn’t they also accuse Jerome Powell with ’mortgage fraud’? Were others accused of this? Is that all Mr Pulte was appointed to do?
Cuz “trump is right about everything” in the minds of these crooks.
The good news is that his saying it makes it sound creepy, weird, and unpalatable.
Bureaucrats = specialists who don't have their heads up the orange fartbag's rear nostril
JuDas Vance is a pathetic psychological cripple who will say and do anything to try to make himself feel like the big man he will never be.
Trump won’t be setting rates. His owner donors will. Think Putin will have a major say !
So a serial bankrupter would be better? JFC this guy has no bottom.
POTUS is not the people.
Another clueless, unprepared interviewer.
This passes as/for journalism in 2025.🤔 A basic question asked... not answered. The individual asking the question has what seems to be a ½ hour prep session on the topic, little to no background, nothing other than the latest 'group talk myna-birded' words vs. a skillful bull manure artist.
Journalism. The highest paid of the Fourth Estate failed more than 10 years ago. Such a failure, they let many two-bit podcasters rise as well as running off trained and educated journalists.
Umm. I would rather have people with financial and banking expertise making these decisions than a bunch of novices via their equally novice representatives making decisions for feel-good political reasons and a short term sugar rush.
Standards? Trump is a criminal
After this interview any judge thats not corrupt should Dismiss for 1 misconduct BC government actions (political statements) harmed due process. 2 Undue influence political 3 Prejudicial interference remarks prejudicing jury or court 4 Violation of due process & should apply to all of trumps cases
when i say dismiss I mean rule in favor of Lisa Smith just lack of sleep lol theres no way that she should have to defend herself with the full force of the US Admin when they have no jurisdiction over her and with these weak trumped up charges
YOU Know who committed mortgage fraud Lying about the value of assets is fraud Lying about how many floors your building has is fraud when you apply for a mortgage. Let the 7 time bankrupt felon set interest rates Whats the worst that could happen ?
Fed Chairman Donald Tru—
Either directly or by proxy.
Argentina here we come.
God, we’re fucked
IF we’re going to hold the fed governors to the highest standard, exactly what standards should we have for the President of the United States? 34 felony convictions okay? Sexual assault okay? Financial fraud okay? 🤔🤯🤬. They have a lotta nerve calling anyone criminal!!!
So they are willfully going to tank the U.S. economy. Putin must be ecstatic at trumps idea is making us "great."
Obviously, JD'S suggestion that we can fix Trump's destruction of the Fed's crucial independence by voting 39 months from now would be too late to protect our economy from Trump's ineptitude. JD's arrogant logical conclusions are always transparent BS.
I would trust experts over Trump any day.
I'd trust a raccoon with rabies over Donald.
Why would any sane person want Federal Reserve to be independent of Congress? Have you studied hyperinflation? Have you ever read anything from IMF? Second most important power of Congress is to coin money and regulate value of money. Not constitutional for President to pick members of Fed.
A direct attack on the foundation of the global economy
Oh please. Mr. Donnie Bankruptcy wants to do that to the IS Treasury?! Jaydie will only join him in raiding Ft. Knox. These creeps.
Time to sell US Treasuries
Causing high inflation. And a lot of other turmoil worldwide.
Is this in line with the "conservative values" I've been hearing about for decades? Seems off.
This from a man who has zero business experience and is recommending that someone who went bankrupt 6 times should make monetary policy? I can’t think this stupid. Literally I can’t. America will be bankruptcy #7 and the IMF will not bail us out. When USD isn’t the default currency we are fucked
Will he reduce rates by 1500%?
Golden Rates, the most beautiful you've ever seen. People are saying Europe wishes they had gold -1500% rates but no, can't have um. Clearly only we have the best rates, when a negative is a positive. Thank you for your attention to this matter!
They are all vampires wanting to suck out the life blood of Americans!! FUCK THEM AND THEIR GREED AND CORRUPTION……BLOODSUCKING SCUM!!!🤬🖕🏽
📌
Vance can go back to his couch.
The scary thing is that the corrupt SC will probably let him.
...and didn't he just quietly buy $100M in bonds so he'll *benefit* from those rate changes? #GrifterInChief
This isn’t about Trump this is about the tech bros running the Fed if Vance becomes president.
I’m sure he will feel the same way next time we have a democratic admin. Right?
Vance is a puppet for the billionaire tech bros who want to crash our economy and privatize our institutions and control our country.
💯
Why do this? Who benefits from such an obviously destructive, monstrously stupid act?
Fuck JD, the most unlikable person alive.
Today's Patriotic Overnight Rate shall be.. wait.. Dear Leader is thinking.. 0.23%! We are also now accepting a 19.9% stake in all companies on the following attached list. That is all.
I'm sure he'll continue to think that when we have a Democratic president.
And, so many Americans will nod in agreement. Because they do not know what the Fed does or why it was created and the importance of its independence. They will hear the word bureaucrat and know it means “evil”.
The next Democratic president must start a new doctrine: any SCOTUS decision that claws back Executive Branch power does not take effect until the next election
They are saying it all out loud. Fix elections , control the fed , authoritarian rule moving to totalitarian, fascism , racism , militarism, kill the sick , disabled and poor through removal of healthcare and vaccines.. it’s not like they are hiding it.
& (un)ironically neither did Hitler - he wrote it all down in a book then proceeded to enact it step by step With ppl at the time saying "wow we didn't think he would do that"
I believe this was once known as “malarkey.”
That won’t work as you’ve indicated in previous posts. Of course Vance wi g the groveling POS that he is, doesn’t care about ruining the economy.
Vance wasn’t elected either!
"The dude who managed to go bankrupt running a casino, says the 19th century was the height of American wealth, and repeatedly advocates for a return to mercantilism is far better equipped to determine interest rates than bankers with masters degrees."
Sure, let’s let the guy who has failed at everything he’s ever done, most recently walking, take charge of all the money. What could go wrong
Vance says, "...POTUS is much better able to make these determinations." I submit that POTUS is not better able to determine rational rates any better than my wife's cat.
The same man who filed for bankruptcy 6 times and was found guilty of felonious fraud in his business dealings 34 times. This is the guy that he wants to entrust with the economic future of this country. Really?
What... could... go... wrong
Incompetent people? Biased people? Compromised Russian assets?
Vance: "The plan couldn't be simpler, lady I hate. By giving gasoline and matches to some hand picked brain dead yahoos, the possibilities are endless."
Suck ass!
Irony, he won't get it, but jd is like the ultimate bureaucrat (gone very bad)
Vance is on his marching orders. Yarvin and Thiel openly talk about destroying the global financial system. Nothing surprising here it’s just Americans have never believed it.
what offends me about Vance's claim is that he's erasing the sovereign will of voters who elected members of Congress, who passed the laws (Federal Reserve Act ++) that should be determining the bounds of what presidents can do
political independence of the Fed is a good thing imo but it could be modified by Congress the worst thing here is the claim that the Vesting Clause authorizes arbitrary rule
And you know what — an amazingly high number of Americans will believe him. They have no understanding of why an independent Fed is crucial. I feel like driving around with a ticker on my car that explains the fascist infraction of the day to everyone around me. We are doomed.
He’s a multiple time bankrupt, bailed out by Russia, yet he has control of the country’s finances.
So, if I got this right, the administration's economic policy is to run the economy off a cliff and right into the ground, hoping that they and their billionaire enablers can look cool as they walk away from the explosion. That, or there is no plan and they're all a bunch of morons
so 'sharpie' man Trump can just make up whatever number he's heard in the last 15 minutes...
Wait for the -1000% rates
It will wreck the $, but that’s probably the plan of Peter Thiel and friends anyway (to replace it with their bitcoin variants)
Vance is way worse than Trump
Oh please Drumpf is a financial moron! Bankrupted himself repeatedly. Convicted of tax fraud and dumb as a bag of rocks. And you too JUST DANCE…. You’re too stupid, elected or appointed to decide anything 💅💄
A moron president personally setting interest rates based upon whatever the mashed pudding in his skull tells him is what the country needs to see and experience. Americans need to feel the consequences of putting the biggest idiots imaginable in charge of all the levers of government.
Exactly what they intend. Also, JD Vance must never be President.
You want Mr. Bankrupt to be in charge of our money. Yea, fuck that.
OMG. Did he never take an economics class? Maybe he should.
I'm not an economist but every one I've seen write about this all agree it would be a very bad idea.
No western nation does this. And no western nation is going to keep their country coupled to the Dollar Reserve if this goes through. If the Dollar Reserve collapses, the US economy goes tits up the next day. Not a collapse, not a recession, not stagflation. It ends. America ends.
STFU Vance. Stop parroting the worst of trump's ideas.
So does that mean that hyper inflation is in our future?
How can we stop this?
Its weird because by doing this to the fed literally everything that goes wrong is blamed directly on the white house, its hard to follow the logic, unless they simply dont care which looks like is the case.
The same guy who goes on about grass, windmills, sharks, whales, Arnold Palmer, etc. should unilaterally set interest rates?
CDC, also a bunch of unelected bureaucrats. the american ppl should vote on pandemic strategies and disease prevention the same public that doesn't know who pays tariffs and believes vaccines will make you magnetic
Most Americans have no idea how much we’ve benefited from the dollar being the defacto world currency.