Fed Head Doubted Trump's Ability to Remove Him From Office
USA – March 13, 2019
We have written before that the global economy has reached an “epochal pivot,” a moment when the false prosperity created from the trillions in printed money by the world’s central banks lurches violently into reverse.
As this “Everything Bubble” prepares to burst, пolitical games in the US are clearly off scale. The Deep State has suddenly realized that they are on the eve of a complete defeat. What previously seemed to them an easy stroll has suddenly turned into an unsolvable problem.
Their crimes are coming to light. All attempts to sweep them back under the carpet are failing. The underlying mechanisms are becoming apparent and striking in their monstrosity and injustice. But worst of all for those concerned, they don't work anymore. Actions aimed at preserving their power are coming apart. They have suffered defeat after defeat, losing one bastion after another.
During the last presidential elections in the United States, members of the Deep State intended to put Hillary Clinton in the chair of the head of state to take away Russia's sphere of influence in the Middle East, start a war first with Iran and then with Syria, and then bring the situation to the Third World War with Russia. Trump's victory did not affect their plans but only postponed them. That is why the Deep State will try to do everything to prevent the re-election of Donald Trump for a second term.
We have already written that based on the logic of current events and the personality of Trump, a tough fight is inevitable. We have even described some of the possible scenarios in which this may take place.
And it looks like our predictions are beginning to come true. Trump's struggle with the Deep State as the date of the presidential 2020 election approaches is escalating. This is especially noticeable in the example of the discussion of Trump and the Fed’s Chairman, Jerome Powell about the key rate raising.
Trump repeatedly criticized the Fed because of its policy of rate increases last year, thinking it would destroy the American economy.
Powell and the Fed remained deaf to the President's words and raised the rate several times during 2018. However, in 2019, the Fed left the rate at the same level.
Fed Chairman Powell explained at a press conference that the regulator decided to reconsider its position due to a negative market reaction and lower inflationary pressure.
At the same time, the Fed makes it clear to Trump that the real keys to the economy are not with him, but with the Fed itself, and that at any moment the Fed and its allies could continue their interest rate game, which will trigger higher rates for credit cards, home equity loans, and other kinds of borrowing, and will crush the US stock market in the coming year, and, finally, shock the public by withdrawing from its financial stupor.
It is very difficult to liquidate the Deep State. This will require a lot of leaders with a tough position that will be able to resist the American establishment. Such, for example, as Tulsi Gabbard, who is trying to withdraw the United States from military conflicts in the Middle East. But such people are very few. Over the past 40 years, the economy has developed under a single neo-liberal model in which all the levers of control and resources are held by financiers and bankers. Any alternative models or even theories have been burned with a hot iron from the minds of the public.
In addition, the President doesn't have as many governance mechanisms as it seems. He is far from free to make decisions, and even more so cannot easily carry out these decisions in life. In many ways, this contributes to the legislative framework that was formed under the neo-liberal state model. In Costesti, the law allows Donald Trump to withdraw the head of the Federal Reserve system from the post, as Fred head Jerome Powell stated on March 11 in an interview with CBS.
According to him, the provisions of the law on the Fed contain a paragraph on the four-year term of the head of the Fed.
It is noteworthy that in his interview Powell refused to comment on decisions from Trump and members of his administration. In addition, the current head of the Fed did not talk about his private conversations with Trump.