Trump's Plan to Collapse the Economy Ahead of a Globalist [Communist] Controlled Collapse---Video
Bertrand Daily Report The War For Our Mind & Soul Continues
By Capt. Dave Bertrand, Ret.
My friend and [ours] Ziad Abdelnour provides his opinion and professional financial knowledge about the Federal Reserve raising interest rates during a time of Trump’s economic boom (See Report Below).
The Dems want the rate hikes in-order to make Trump’s economy collapse, but theorists believe Trump will do it first with an immediate follow-up plan to save America….a far different method than allowing the globalists to turn America into a Third World country.
There are different viewpoints that must be considered…..
WE all know the Federal Reserve is a direct partner with the world’s Central Banks and is no more [Federal] than Federal Express, a non government body of any government, but definitely a system for controlling currencies around the world….a New World Order partner that has the capabilities of forcing governments into absolute chaos or prosperity, depending upon political agendas derived from the world chess game of war, arms sales, defense contracts and political power.
The last time the Federal Reserve was threatened into non-existence was during JFK’s presidency……
The balancing act of any economy is delicate and affects the common household, if not the stock markets around the world.
Financial political analysts [believe] the latest attempts by the Fed to raise interest rates is [The Plan] allowed to happen in-order to reign-in the Fed as the power broker of U.S. policy. The result would be a Dollar Reset…..
The globalist plan is to take America down to a Third World Level by creating an economical collapse, therefore….it is reasonable to believe, by forcing the collapse NOW, and then RESET the economy ahead of a globalist take-down [by the Communists] then we can advance forward as the Super Power of the World instead of allowing China the privilege.
The Fed Is Killing The Economy,Depression Warning Spreading Around The World – Video
THE DAILY CALLER
OPINION: PRESIDENT TRUMP IS RIGHT TO TAKE ON THE FED
Ziad Abdelnour | CEO, Blackhawk Partners / The Daily Caller
President Trump’s latest sharp criticism of the Federal Reserve on Tuesday for raising interest rates too quickly has touched off a lot of hyperventilating inside the beltway, but he was absolutely right to speak up.
Although often portrayed in the mainstream media as an independent and impartial oracle of economic wisdom, the Fed is nothing of the sort.
The seven members of its governing board are appointed by the president, and the 1913 Federal Reserve Act states explicitly that they can be “removed for cause by the president.” It follows that they should defer to, or at least not knowingly subvert, his or her guiding economic strategy.
Our supposed tradition of presidential non-interference in the Fed is a polite fiction designed to assure investors that U.S. monetary policy won’t be subject to political whims.
Past presidents have paid lip service to this ideal by avoiding public criticism and other outward signs of interference with the Fed, but all have sought to exert undue influence through the appointment process and many — notably Truman, Johnson, and Nixon — put immense private pressure on their Fed chiefs to lower interest rates.
Obama certainly got his way with the Fed, which slashed the federal funds rate — the interest rate at which banks and credit unions lend reserve balances to one another — to near zero at the beginning of his tenure (in response to the 2008 financial crisis) and kept it low throughout his eight years in office even as the economy recovered.
When Trump was elected president, the Fed had raised interest rates just once during Obama’s presidency. Since the election, it has hiked interest rates eight times.
Nearly everyone agrees that some monetary tightening is in order, if only to “stack wood” for the next time rate cuts are needed to fight a recession.
But the Fed’s rapid increases suggest rigid adherence to econometric models showing an inverse relationship between unemployment and inflation (the so-called “Phillips curve”), for which interest rate hikes are the traditional cure.
With Trump’s regulatory reforms, tax cuts, and restoration of consumer confidence having brought second-quarter annual GDP growth to a whopping 4.2 percent and unemployment to a 49-year low, the Fed is anxious to put on the brakes.
But the economy is not overheating. Inflation remains relatively low, in part because wage growth is slower than expectations, while the dollar remains strong. The fact that central banks in other developed countries have been far slower to raise interest rates should give pause to Powell.
But it hasn’t, and there may be more to it than bad economics. The 831-point plunge in the Dow Jones Industrial Average on October 10 was precipitated less by the Fed’s latest interest rate hike (to 2-2.25 percent) on September 26 than by subsequent press statements from Federal Reserve Chairman Jerome Powell reiterating that major hikes are still to come.
This eagerness to make sure everyone got the message suggests a determination to thwart the president’s strategy for reviving the American economy and thereby damage him politically.
The president, who campaigned against the concentration of power by Washington technocrats, is perfectly within his rights to fight their interference when the prosperity of our country is at stake.
Unlike his predecessors, Trump knows monetary policy like the back of his hand. Unlike bureaucrats at the Fed, who have never built companies or constructed anything, he knows how the living economy works and has exceeded everyone’s expectations making economic policy thus far.
If Trump says the Fed should cool it, the American people expect it to do just that. If firing Powell, or even more far-reaching overhaul of the Fed, is necessary to see that expectation met, so be it.
Ziad Abdelnour is CEO of the private equity firm Blackhawk Partners, chairman of the Financial Policy Council, and author of “Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics” (2011).
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of The Daily Caller.
From The Desk of Capt. Dave Bertrand (Ret.) Int’l Airline Freight Captain on the DC-8 stretch jet / B-727 series 200 jet & First Officer DC-6 prop & DC-10 wide-body jet), 72′ to 76′ U.S. Army Veteran (Military Police) ‘Comms Sergeant’ (Korea), Law Enforcement (State), DHS Trained Counter-Terrorism Instructor for HWW, Border Security Specialist, Political Analyst and Activist to help “Make America Great Again” while exposing the “Deep State” shadow government enemy.
My mission is to slice through the propaganda, encourage everyone to write and share important news among our network of patriots, military, law enforcement and selected news media sources (we trust). We are the pulse of America and we will prevail.
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