Trump tells Fed's Lisa Cook she's fired; she says 'he has no authority to do so'
President Donald Trump's removal of a Federal Reserve governor could end up being challenged at the Supreme Court.
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The Supreme Court could eventually rule on whether her firing is legal.
She is toast, the supreme court is rigged to serve Trump.
More importantly, this will serve as a major test to the Fed's independence.
If the supreme court decides, I wouldn't count on that independence lasting for much longer.
It will probably serve the crazy Republican president as it was designed by Mitch "The Turtle" McConnell.
The institutions are falling like dominoes, it's looking really really grim for democracy in USA.
How about the Epstein Files TACO?
It's unthinkable, as this would be the final nail in the coffin of USD being the world's primary reserve currency, and with it the debt breaks the country and the ability to print money is instantly ended.
These are not bad things, if done thoughtfully and intelligently over time. This administration is incapable of that.
He will chicken out, but the damage is done to the faith in the US government by our allies, and in the USD.
These are not bad things, if done thoughtfully and intelligently over time.
I don't think you realize the wealth it has given USA to be the #1 global reserve currency by far.
It's a giant economic interest free injection to the entire US economy.
I also don't think it's unthinkable, I think they could very well do it, because that's how stupid they are. The USD is down 15% since Trump became President, And Trump wants it to fall even more, because he thinks it gives USA a competitive advantage. Completely disregarding it makes everybody poorer first and increases inflation.
And Trump wants it to fall even more, because he thinks it gives USA a competitive advantage.
Yes, but also Trump has all his money in shitty crypto tokens and the Crypto Bros have him convinced that if the dollar tanks, $TRUMP will soar vs. the dollar.
Our President is looking to actively tank the dollar for his own personal gain.
