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12-20-2018, 09:49 PM #1
Fed Chair Powell “Trump’s Worst Nightmare” — Who the Hell Raises Rates w/Dow Down 12%
WOW! Even CNBC’s Jim Cramer Agrees! – Fed Chair Powell “Trump’s Worst Nightmare” — Who the Hell Raises Rates w/Dow Down 12% in 3 Mos.?
December 20, 2018, 9:14 am by Jim Hoft 202 Comments
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Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or Trump might get re-elected in 2020!
The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year.
The Dow immediately dropped another 720 points. The DOW was down at one point by 894 points!
As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come while watching their 401k’s dissolve into thin air.
The Dow Jones dropped 3,500 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.
The stock market has lost MORE THAN $4 trillion in value since then.
On Wednesday it lost another trillion or so.
Who the hell raises interest rates when the stock marker is down 12% in 3 months?
TRUMP NEEDS TO FIRE JEROME POWELL TODAY!
Even CNBC’s Jim Cramer, who is no Trump supporter, is bewildered with the Fed’s move.
On Thursday Cramer called it, “If I were running Trump’s re-election campaign, Jay Powell would be my worst nightmare.”
CNBC reported:
CNBC’s Jim Cramer went off on Federal Reserve Chairman Jerome Powell, saying President Donald Trump is right to worry about a possible recession in 2019 as a result of the central bank chief’s rate hikes.
“The president is spot on,” Cramer said on CNBC’s “Mad Money” on Wednesday evening, after the Powell Fed raised rates for the fourth time in 2018 and projected two more increases next year. “The Fed is perfectly happy to gradually strangle the economy, the U.S. economy, in order to stamp out inflation, or the potential of inflation. And that’s bad news for corporate earnings” and the stock market.
Cramer has been saying for months there’s no need to worry about inflation since it’s not problematically high, and that the economy is showing pockets of weakness. Taken together, those factors indicate the Fed should pause rate hike, he has argued.
“If I were running Trump’s re-election campaign, Jay Powell would be my worst nightmare,” said Cramer, who, like the president, has been calling on Powell to stop. Powell apologists, “they must have no sense or empathy for what’s about to happen to the working person in this country,” Cramer added.
Read the rest here.
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12-20-2018, 09:57 PM #2
In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy – Dow Lost Over $4 Trillion in Value – FIRE HIM ALREADY!
December 20, 2018, 7:29 am by Jim Hoft 215 Comments
Guest post by Joe Hoft
Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, he would get re-elected in 2020!
The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year. The Dow immediately dropped 720 points in 10 minutes. The DOW was down at one point by 894 points!
Youtube Video https://youtu.be/gIje0Crs7hU
The Fed is clearly a political machine not working in the interest of President Trump or the American people.
As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come while watching their 401k’s dissolve into thin air.
The Dow Jones dropped 3,500 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.
The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.
On Monday after the president’s tweet the Fed announced it would likely raise rates — The Dow immediately dropped another 507 points.
1/8th of the equity in US stock markets is now gone thanks to the Federal Reserve.
$4 Trillion in Wealth has been erased!
On Tuesday Stephen Moore said if the Fed raises rates on Wednesday they should all be fired. Moore was right.
Via Bulls and Bears:
Youtube Video https://youtu.be/25xKo1thCYU
What more will it take for this man to be removed? Every American with a 401k knows today that the markets are down significantly since October. Most Americans don’t know that it is the Fed that has created this selloff.
By raising rates the Fed lowered every American’s net worth while increasing the amount of US debt interest payments on American tax payers for decades to come. Each interest rate increase increases the rates paid on the US debt and now the rate increases equal a half a trillion dollars in debt interest payments alone.
What really makes the Fed’s actions appalling are that it never allowed a rate increase for seven years under President Obama. The Fed kept the rates at 0% for seven years!
Joe Hoft @joehoft
· Dec 19, 2018
1) @realDonaldTrump really has no option but to fire Corrupt Fed Chief Powell now before it’s too late. The Fed did all they could to prop up economy during @POTUS44 Obama’s time in office. They printed massive amounts of money and kept rates at all time lows of 0 % for...
Joe Hoft @joehoft24 people are talking about this
2) ...Seven straight years. Only raised rates 1/4 % in 2015. Then after @realDonaldTrump won election the Fed immediately raised rates twice before he even stepped in office. After @realDonaldTrump immediately put a freeze on government hiring, moved ahead with 2 pipelines, ...
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8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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The Fed has gone into overdrive to push higher rates to kill the economy – to hell with Trump and working Americans!
Joe Hoft @joehoft
· Dec 19, 2018
Replying to @joehoft
3) opened up oil fields and coal mining, massively reduced government regulations and started pushing free but fair trade, the markets rose . So the Fed increased rates some more for no reason other than to slow the economy! Then Trump removed Obamacare mandate and ...
Joe Hoft @joehoft16 people are talking about this
4) ...Signed massive tax cuts - biggest in US history- so the Fed went into overdrive on more rate increases. @realDonaldTrump economy was too good - he might get re-elected God forbid. Now 8 times the Fed has increased rates since @realDonaldTrump won the election . The Fed..
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8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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After the Fed killed the housing market with increasing rates, slowing down the construction boom, they went after President Trump and every working American –
Joe Hoft @joehoft
· Dec 19, 2018
Replying to @joehoft
4) ...Signed massive tax cuts - biggest in US history- so the Fed went into overdrive on more rate increases. @realDonaldTrump economy was too good - he might get re-elected God forbid. Now 8 times the Fed has increased rates since @realDonaldTrump won the election . The Fed..
Joe Hoft @joehoft23 people are talking about this
5) ...has single handedly killed the economy. Housing was first hit. Now the Fed wants a recession. @realDonaldTrump must fire Corrupt Powell now and lower rates in half. If he doesn’t no way we #MAGA @gatewaypundit @StephenMoore
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8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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It’s ABSOLUTELY time for President Trump to say “YOU’RE FIRED” to US ECONOMY KILLER FED Chairman Jerome Powell.
https://www.thegatewaypundit.com/201...e-him-already/
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