Trump is going to end the Fed as we know it, and the banksters are not happy at all!
The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their position by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.
The Federal Open Market Committee has 12 members and sets the nation’s monetary policy. Seven of the 12 are the members of the Board of Governors. Five additional are Federal Reserve district bank presidents. Other than the head of the Fed bank in New York, who was nominated by the president, the other four can only take their positions as district bank presidents if the board in Washington agrees to their hiring. One of these, the Fed Bank president in Minneapolis, Neel Kashkari, is already arguing for no further rate increases.
https://www.cnbc.com/2018/07/20/trump-p ... serve.html
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3 posts • Page 1 of 1
He has bigger fish to fry currently, but this is the beginning of the end for our worthless fiat money. BRING IT ON!
Thu Jul 26, 2018 10:12 am
"Guard against the impostures of pretended patriotism." George Washington
End the Fed, repeal the 16th, go back to the gold standard, fuck fiat monopoly money...
Thu Jul 26, 2018 11:11 am
The democrat party is the most successful hate group. It attracts poor people who hate rich people, black people who hate white people, gay people who hate straight people, feminists who hate men, environmentalists who hate the internal combustion engine, and a lot of bratty college kids who hate their parents. However, the real secret of the party's success is that it attracts the support of journalists who hate Republicans, and who therefore work tirelessly to convince the rest of us that we should vote for democrats.
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