Trump’s Fed Nominee Has “Far Out Ideas,” But Criticism of the Fed is Important

1. Oh.. yeah.. " The Fed " is a good thing.. NO NO NO NO !!! The FED is a group of Banking and Stock Billionaires that control the money !!! Oh NOT DEMOCRATIC but a creepy control of poor people's unemployment and value of the DOLLAR !!! The FED is horrible CLUB of super selfish creepy org that is illegal according to the U.S. Constitution and Monopoly LAW !! oK.. a law breaking bunch of creeps that are somehow IMMUNE from police !!! Dump them now …. please.

2. there are no good guys here

3. A crash is coming.

4. The Federal Government controls employment not the Federal Reserve. The government can purchase anything that is for sale including labor. We need a guarantee job program. If you lose your job on Friday you can go to work for the government on Monday. We have plenty of work to be done and training should be included in this program and be paid for it. We have to invest in our country including ourselves.

5. It doesn't help that all of our fed chairmen for the past 40 years have been crazy, right-wing ideologues.

6. The FEDS are the elite's quota of power in the State.. it is the office of real deep state, it's behind all of the world's problems.. think about it.

7. I am a Progressive and CEPR is nothing but a gathering of neoliberal , WAR Street friendly hacks pushing a politically partisan agenda through intentional misinformation.
   Increasing the interest rate at this time is the appropriate measure. NOT increasing it is nothing but a band-aid measure which benefits the 0.1% to gather even more of the available money supply than they already have.
   Sooner or later, this house of cards is going to collapse. I'm guessing sooner because even keeping interest rates down is no longer enough.
   Interest rates for consumer debt has NOT been kept down. So the low interest rates do NOT help the actual economy.

8. What does it mean? Is this appointment going to play into predictable hands? We know what we need to know. We know what to do. Imagine it – just doing what is right: regards installing a transition into an infrastructure that embraces our environmental challeges right now right this minute! Imagine for example turning desertification around, restoring soils/air/water/edible fish/new era jobs/useful workable knowledge for sustainable life on the planet. Honestly, what is the hold up?

9. The American economy has too many parasite bankers like Mitt Romney hobbling capitalism to make it more like feudalism by siphoning off as much profits off for themselves as they can without ever doing anything productive.

10. The Fed is the rotten Rothchild regime!

11. I believe if you are going to have someone on to talk about the economy they need to understand MMT. I'm sorry but this guy doesn't understand our modern economy.

12. Give cheap money to those who will use it to f*ck the rest of us. Consumer interest still sky high.

13. What a BS of an interview. This interview is strictly based on statistics, statistics which will say anything you want them to. Hmm, no inflation!??
    Mr. Weisbrot obviously doesn't live in the economy of the 99% whose cost of living has risen substantially over the years. He obviously doesn't buy groceries, pay rent and utility bills. Not to mention, since corporations and our 1% have to pay less in taxes fewer revenue dollars are collected resulting in less monies sent to the states, however, since states still have to provide a modicum of services they are forced to come up with new fines and taxes to make up for the shortfall, Just about everybody agrees the real unemployment rate is much higher than 4%. Where are the raises everybody supposedly enjoyed last year? Or the wonderful jobs created since 2008? Nor does Mr. Weisbrot mention that Stephen Moore currently owes $75,000 in unpaid taxes. What a BS of an interview!!!!

14. The "New American Zionist Initiative." Look carefully at the first letter of those words; The Germans tried to print money for themselves as a sure way to to make quick and easy money. This monetary ideology doesn't work. It's the people who will eventually have to pay, and when they can't, they'll lose control of their country, their lives and the futures of their children.

15. The guest didn't answer the first question at all.

16. The Fed is the major rigger. Actual unemployment is around 17%. More jobs? Most of the jobs are low paying, part time. The job market figures are a rigged fabrication used to justify the rate hikes. The Fed raises the prime, which signals the banks to be even more predatory in the raising of their interest rates. The credit card companies love this, they know a downturn is coming, and are trying to get as much profit as possible, now, before it hits. Of course, Wall Street is winning…83% of the stocks are owned by the 1%. They just used the tax cut to buy back their own stock. Total fraud. Banks: they pay out the capital they should retain to cover a downturn, so if there's a crash, they have to be bailed out. It's an insanely criminal situation that keeps repeating itself. The Fed creates money out of thin air, which is why the value of the dollar is constantly degraded. They continue to rig online commerce, interest rates, commodity prices, currency markets. The banks are criminal organizations.

17. Translation: Stock market to the moon and beyond!!!

    Then as the masses cheer in a crazed high, the BIG bang happens. An unforgivable collapse.

18. Shut down illegal fed reserve! Shut down the mafia fed gov!

19. Now's the time to point out: look, the president (plus senate confirmation) is deciding the next person to join the Federal Reserve's board… that's how you know it's not privately owned/run as everyone online now thinks.

20. "The fed is made up of people who sympathize more with employers."

    Understatement, Mark. You seem a little soft on the Federal Reserve. Their Board of Directors includes mostly bank execs. Something like 5 of the 12 board members are from the gov't and 7 selected from the private banking industry, if I recall. And it's not a stretch to think those 5 gov't members are looking for pay offs from the private sector.

21. If the Jewish people don't respect the laws of the land in all the places of the diaspora why would they listen to this guy?

22. So These Pricks. Raise and lower rates. Put people out of work. All the while giving themselves 0% interest rate or 0.005% Then vulture group payday loan, Collection agency's charges after charges in interest. Because you can't pay your bills. Banks are committing open crimes against it's customers. With no repurecussions. We bounce some checks. Next thing. You have Badges. Knocking on your door. Public Banks. With full Disclosure. No bankers hidden fluff No compounded interest. Here's one they do. You wrote some checks most big few small. It's Fri. Late you Deposit your pay check .Mon comes they start processing checks.so you end up bouncing checks. Then do your deposit. No more that shit from a public bank.

23. This person has no knowledge at all. He is a buckett and as ideot as Trump. I do not think he knows how the Fed and the monetary system works. I am not surprise because Trump has hired many ideots to run his administration.

24. What are they worried about? He fits right in with the rest of them. I have one question I'd like him to answer: what are they going to do when they've already lowered rates to zero and they've pumped in so much money that every company already owns all its own shares?

25. Tax cuts already ruin the economy

26. Growth Hawk. For Who.

27. End the Fed.

28. The FED as put in place by criminals to harvest the production of the mass working population and funnel it to the 1%….it is a group of private bankers

29. what is the point of giving so much credit to such a useless institution? set rates at zero and leave them there permanently. problem solved.

30. how exactly does the Fed affect "'unemployment"? or rather rate of employment? How does raising the interest rate contribute to employers desire to "reduce employmnet"?

31. 4%?No one is projecting 4 or even 3.5% growth

32. Steven Moore is a wack job. I’ve watched him for several years now on news shows, interviews, etc., he’s an extreme right wing, supply side, free market, unbridled, cutthroat capitalist. Moore cares nothing for the little guy! Yea, and when the economy crashes, there will be no way to bail us out !!! There will be no room to play with on % rates to bring us out of a crash.
    Just because Trump wants to get re-elected to a second term. Then, they’ll scream to cut Medicare social security etc. remember the 1.5 Trillion dollar tax cut ?? Trump cares not about the 22 Trillion deficit he’s running up on that !!

    The other giant is the corporate debt level. All the free cheap money that they have borrowed, when the economy goes flat ( and it will ) they will not be able to pay their debt back. They will lay off, close doors.

33. END THE FED. no talking about whos a member.

    so many think the dollar will crash because of interest rates and stock market BS. NO. the dollar will crash as a result in the FED bulling the rest of the world with sanctions and war. every one is scrambling to get off the dollar which will leave it worthless. only solution is END THE FED.

34. Koch Brothers STOOGE….His entire Heritage Foundation Life.

35. End the Fed! These people work for their own benefit not ours ! They have manipulated and robbed with impunity since 1913.

36. People around the world should know that once student president museveni of uganda is dead we the real ugandans we are going to chase all foreigners hiding in uganda and afrika

37. I predict a crash by the end of 2019.

Comments are closed.