Randahl Fink

Trump is now waging war against his own national bank, The Federal Reserve.

The Chair of The Federal Reserve explains that Trump has subpoenaing him in an attempt to force him to set the US interest rates based on Trump’s feelings rather than economic responsibility.

I really hope this man can hold the fort until The Midterms because if not, the US economy has a really dark outlook.

Jan 12 at 6:51amIvory for iOS
Show threadPG19582🇺🇸🇹🇩🇺🇦🇵🇸Jan 12
@randahl he was appointed by trump in his first term...
Show threadBruce Heerssen Jan 12

@PG19582 @randahl

In his first term, Trump was limited by the people around him, some of whom were still loyal to the Constitution and the rule of law. One suspects he'd have preferred to nominate a more compliant Fed chair at the time.

This time around, of course, he faces no such limitations.

Show threadFrançois @JuraJan 12
@randahl Trump is sabotaging US and Putin Russia. Would be nice to see both collapse this year (on the top of Orban loosing the elections )
Show threadEl IndifferenteJan 12
@randahl Trump's and other MAGAs claim "they are weaponizing justice" rings in my ear.
Show threadMichael McWilliamsJan 12
@randahl Can you just imagine the utter dystopian timeline where Trump controls the Federal Reserve? May we never see the day.
Show threadPepperbikeJan 12

@MichaelMcWilliams @randahl

Get ready for hyperinflation.

Show threadRoger ErtesvågJan 12
@randahl I believe he is due to step down as chair in May regardless?
Show threadBig Kumera EnergyJan 12
@RogerE @randahl yep, he's out as chair in May but will be on the board until '28
Show threadPaul_stilgarJan 12

@randahl

Powell will be chairman until May 2026 ( four year term ) . My understanding is that he could remain on the fed board as a member .

As an European , I hope that the next chairman will be a lackey of the #racistrapistfelon. The sooner this country collapses, the better for the rest of the world.

#usa #jeromepowell

Show threadskaphleJan 12

@randahl The world's economies are going to collapse by 2040 anyway according to Club of Rome predictions. The AI bubble will pop this year or the next according to common sense.

The US economy has a really dark outlook no matter the federal interest rate.

Show thread�Jan 12
@randahl for around 50% of the u.s. citizens, I wish hard economic times.
Show threadTruth Or Consequences ✅ 🇺🇦Jan 12

@utf_7 @randahl

Powell's term ends in May. Look for the economy to crash before that. The orange felon needs to provide escape avenues for himself and his rich accomplices immediately.

Show threadzetabetaJan 12

@randahl
and trump is in charge of venezuela.

how the phrase goes:
everything trump touched, will turn into ... something awful.

Show threadDonald RoyJan 12

@randahl

Revealing what has happened is quite a clever move by #jeromepowell . He is giving notice to the financial markets so that lenders can if they wish reduce their exposure to #us bonds . And arguably markets tend to work better when all participants are well informed!

Show threadBruce Heerssen Jan 12

@djr2024 @randahl

I think it's more than that. By making such public statements, he is prompting titans of industry to apply pressure to Trump. It's a smart move because those are among the very few people Trump might listen to.

Show threadLionelBJan 12

@randahl

Criminal proceedings, not civil.

Powell has only a few months to go as chair, though two years tenure as a governor.

This move shows that the regime is in a great hurry.

Show threadRandahl FinkJan 12
@lionelb you are right, my wording could be misunderstood. I have instead used the verb subpoena.
Show threadAhoJan 12
@randahl maybe he would threaten #trumpery #trump with a 1000% interest rate hike unless he drops all legal actions 😜
Show threadDreyJan 12
@randahl - Absolutely 100%
Show threadbeeJan 12
@randahl He thoroughly studied his history books. The Fourth Reich is supposed to start with hyperinflation, biggest hyperinflation ever!
Show threadFedi FoxJan 12

@randahl

I really wish I am wrong on that but the fascists will not leave because of a vote.

Non-Maga USA needs to prepare now how to get rid of the fourth Reich and do a very detailed analysis of what went wrong.

Then write the changes into your law corpus that need to be changed to never ever allow that to happen again.

Write it down. Now.

Lots of headless protest right now but no clear vision / manual for a post maga era.

You need to build that now, do not waste time.