The Fed concedes that Trump was right all along

[Counselor706]

Federal Reserve Chairman Jerome Powell admitted last week at the “virtual” Jackson Hole symposium that the Fed has undershot its 2% annual inflation target consistently for the last several years.

The Fed is tacitly admitting that its deflationary monetary policy has restrained growth and held down wages.

Now the Fed is promising to aim higher in order to get more dollar liquidity into the economy.

Powell’s 3,000-word address could have been summarized in just one sentence: “President Trump was right; we were wrong.”

Source

 

[Islander55]

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

 

[Bad_Egg]

Right & Wrong = Trump doesn't know what he's talking about.

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

https://media.giphy.com/media/jTSlIBuLkXdCL895Fq/giphy.gif

 

[Fuzzy1975]

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

I thought Trump thought the "trickle down theory" involved the discharge of bodily fluids?

Guess I learned something new...

 

[HisArpy]

I thought Trump thought the "trickle down theory" involved the discharge of bodily fluids?

Guess I learned something new...

Actually, it's more than apparent that you didn't.

 

[Fuzzy1975]

I thought Trump thought the "trickle down theory" involved the discharge of bodily fluids?

Guess I learned something new...

Actually, it's more than apparent that you didn't.

Oh so your saying Trump does think the "trickle down theory" involves the discharge of bodily fluids...and there is nothing new to learn...

thanks for confirming that, you know, your not such an asshole after all...

 

[Curmudgeonly]

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

Your Trump Derangement Syndrome theories about self-dealing aside, please explain the process by which money trickles up.

 

[UnpublishedEroticaWriter]

I thought Trump thought the "trickle down theory" involved the discharge of bodily fluids?

Guess I learned something new...

Don't take a piss on Trump Supporters. You know it makes them wet the bed. Also... Russian Hookers.

 

[UnpublishedEroticaWriter]

I thought Trump thought the "trickle down theory" involved the discharge of bodily fluids?

Guess I learned something new...

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

No, he uses most of his money to pay off pornstars and take all his tests.

 

[UnpublishedEroticaWriter]

Capitalism.

Touché

 

[UnpublishedEroticaWriter]

Source

Trump is such a financial mastermind that he went bankrupt 6 times. And he somehow went from $4.1 billion before he became president during 2015 to 2.1 billion in 2020. Despite whoring himself and his shitty products out as much as possible.

 

[kissedcherry]

Understanding economics

Trump has no clue what the Feds monetary policy is. The only thing he cares about is low interest rates for Trump businesses. Trump also buys into the trickle down economic theory. Give lots of money to the rich and they will hire more housekeepers and gardeners.

Thank you for posting the above. I know it was probably embarrassing to be so public with a comment like this but it helps illustrate why children brainwashed in leftist state run schools don't understand money.

In particular you acknowledge that your understanding of trickle down economics is based on the idea that somebody "Gives lots of money to the rich."

So who do you think gives this money to the rich? The government? The government is an abstract concept not an actual person. The government has no money of it's own. The government TAKES money from the people. Most of the money that the government TAKES from the people comes from wealthy people. The people getting free stuff are the poor people. Most of the tax burden falls on the wealthy. So the theory is not that the government gives money to the rich, the theory is that if you TAKE less from the rich they will spend more and hire more and that sends the money into other peoples accounts.

But to the left taxing less is = to GIVING something. It is founded on the idea that the government owns everything. Very sick. Very backwards. Very harmful.

 

[SpeareChucker]

Trickle down is political rhetoric,

not economic theory.






:shrug:

 

[CuttingEdge]

Trump is such a financial mastermind that he went bankrupt 6 times. And he somehow went from $4.1 billion before he became president during 2015 to 2.1 billion in 2020. Despite whoring himself and his shitty products out as much as possible.

Says the guy that has 2.1 billion?

Every business endures hardships, as mine has, but it is how you react that matters.

Law of economics states: The Greater the Risk, The Greater the Reward.

Trump, and many like him have gone bankrupt because they really throw themselves out there. Sometimes you lose, but sometimes you win. Either way, I have never caught a fish without making a cast...or buying fishing gear!

Money is a funny thing 85% of American's are BROKE and do not have even $1000 in the bank, yet try to tell the few of us that have some, why we are doing it all wrong, and defending their way of making and spending money.

 

[bellisarius]

Says the guy that has 2.1 billion?

Every business endures hardships, as mine has, but it is how you react that matters.

Law of economics states: The Greater the Risk, The Greater the Reward.

Trump, and many like him have gone bankrupt because they really throw themselves out there. Sometimes you lose, but sometimes you win. Either way, I have never caught a fish without making a cast...or buying fishing gear!

Money is a funny thing 85% of American's are BROKE and do not have even $1000 in the bank, yet try to tell the few of us that have some, why we are doing it all wrong, and defending their way of making and spending money.

That about sums it up.

Of course the retort you should expect is, "The reason we don't have any money is because people like you steal it from us and hoard it!"

I think they read far too many Huey, Dewey, and Louie comic books when they were kids.

 

[SpeareChucker]

The all men are equal (not created) school of thought
which leads to the frame of reference that all ability is equal,
therefore, if you have succeeded and I have not, then either you
took advantage of me or the system is inherently unfair and oppressive...

 

[HisArpy]

Your Trump Derangement Syndrome theories about self-dealing aside, please explain the process by which money trickles up.

Taxes.

 

[HisArpy]

Oh so your saying Trump does think the "trickle down theory" involves the discharge of bodily fluids...and there is nothing new to learn...

thanks for confirming that, you know, your not such an asshole after all...

Like I said it's obvious you didn't learn anything at all.


Instead you default to your "go to bullshit" in order to protect your fragile ego from facing the fact that you're a FUCKWIT on just about every subject discussed on the board.

Oh, and in reference to the bold emphasis above, it's "you're".

And finally; I'm not an "asshole", I'm an Ass. A failure on your part which, once again, highlights your inability to get it right no matter the discussion or topic.

 

[doowdniw]

Trickle down is political rhetoric,

not economic theory.






:shrug:

It's Voodoo.

 

[UnpublishedEroticaWriter]

Thank you for posting the above. I know it was probably embarrassing to be so public with a comment like this but it helps illustrate why children brainwashed in leftist state run schools don't understand money.

In particular you acknowledge that your understanding of trickle down economics is based on the idea that somebody "Gives lots of money to the rich."

So who do you think gives this money to the rich? The government? The government is an abstract concept not an actual person. The government has no money of it's own. The government TAKES money from the people. Most of the money that the government TAKES from the people comes from wealthy people. The people getting free stuff are the poor people. Most of the tax burden falls on the wealthy. So the theory is not that the government gives money to the rich, the theory is that if you TAKE less from the rich they will spend more and hire more and that sends the money into other peoples accounts.

But to the left taxing less is = to GIVING something. It is founded on the idea that the government owns everything. Very sick. Very backwards. Very harmful.

Only the most self-deluded, out of touch, nitwits think schools have a political bias. When I was in school I learned about the great explorer Christopher Columbus who found America. How Andrew Jackson was a great hero. How George Washington freed the slaves. And other misinformation.
Yes, the government gives money to the rich. They also give them huge taxes breaks. Because the rich give them lots of bribe money.
The Government has something called the U.S. Treasury. It does nothing but print money. While the Federal Reserve receives large amounts of bonds. The U.S government has also misplaced 21 trillion dollars. Which is hard to do when they have 'no money'.
I remember when Fox News was condemning poor people for having a fridge. Like they have a spare mansion. Look at these poor people demanding a living wage, universal healthcare, and affordable college. Look at all the free scapes we give them. All they have to do is work 3 jobs to feed their family. The lazy bastards!
It takes a certain amount of contempt and stupidity in equal measure to spit on the people keeping these giant big, bloated businesses afloat.
The government does own everything. Everything is overseen by the government. It can take anything it wants from you at any time. You home, your business, your life. You are living in fantasy land if you think otherwise.

 

[UnpublishedEroticaWriter]

Says the guy that has 2.1 billion?

Every business endures hardships, as mine has, but it is how you react that matters.

Law of economics states: The Greater the Risk, The Greater the Reward.

Trump, and many like him have gone bankrupt because they really throw themselves out there. Sometimes you lose, but sometimes you win. Either way, I have never caught a fish without making a cast...or buying fishing gear!

Money is a funny thing 85% of American's are BROKE and do not have even $1000 in the bank, yet try to tell the few of us that have some, why we are doing it all wrong, and defending their way of making and spending money.

That's not what Trump has done. He has over 3,500 lawsuits against him and his businesses. With numerous charges of fraud, tax evasion, and screwing over people working for him that their own small businesses went bankrupt because of it. Trump has gone bankrupt because he is a bad businessman and an idiot. His father (Fred Trump) started funneling his money to Trump when he was 3 (prolly to avoid taxes). Ultimately he funneled $413 million to Donald Trump. Donald ended up selling off his Father's entire real estate empire against his wishes.
The rich screw over the poor. It's what they refer to as Capitalism here. This has nothing to do with good honest work and wise investing. Because Trump has never done either of those.

 

[Fuzzy1975]

Like I said it's obvious you didn't learn anything at all.


Instead you default to your "go to bullshit" in order to protect your fragile ego from facing the fact that you're a FUCKWIT on just about every subject discussed on the board.

Oh, and in reference to the bold emphasis above, it's "you're".

And finally; I'm not an "asshole", I'm an Ass. A failure on your part which, once again, highlights your inability to get it right no matter the discussion or topic.

No you are an Asshole....


*chuckles*

 

[HisArpy]

No you are an Asshole....


*chuckles*

https://th.bing.com/th/id/OIP.psDQ4PD40nRWkFLtsIu3TQHaF8?pid=Api&rs=1


*chuckles*