Saturday, December 22, 2018

Is Trump the next Herbert Hoover who brought the last Great Depression?

It is very strange that Trump doesn't seem to understand that the ONLY way to protect everyone on a fixed income in the U.S. is to allow Powell of the Fed to raise interest rates. He seems to ONLY care about the very rich and not everyone else. So, if he succeeds in firing Powell of the Fed likely we are going to see a 2nd Great Depression because 1/2 of the people in the U.S. could eventually lose their jobs (the poorest 1/2) if he fires Powell at this point and EVERYONE on a fixed income is going to be in trouble just like during the last Great Depression.

Trump doesn't understand that firing Powell actually will cause a Great Depression because there are some things you cannot mess with without ruining most people's lives here in the U.S.

No comments: