There's already been so much damage to the economy and he has already created so much uncertainty when it comes to relationships with allies, worldwide trade and what appears to be a continued diminishment of American relevance around the world. 

 

Now it would appear that he is declaring war on the Fed, so is he acting in a sincere manner, and does he honestly believe that what he's doing is going to have a long-term benefit on the economy? Or is this man just completely unhinged, and unable to control himself, and  does he feel a constant need to lash out at anybody that he does not perceive as a friend and ally, or anyone who is not expressing sufficient fealty? It seems like every day he picks a new fight. 

 

President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately.

″‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.

 

Trump (falsely) claimed that there is currently “virtually no inflation” in the U.S., and that costs for energy and “most other ‘things’” are on the decline. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote.

Trump’s latest salvo against Powell — whom he appointed during his first administration — came as the president and his team are studying whether they can legally fire the central bank leader before his term expires in May 2026. Powell has flatly stated that the president cannot remove him under the law.

 

Any attempt by Trump to fire Powell would likely trigger a steep sell off in U.S. equity markets, Evercore ISI’s vice chairman, Krishna Guha, told CNBC on Monday.

 

“If you start to raise questions about Federal Reserve independence, you are raising the bar for the Federal Reserve to cut. If you actually did try to remove the Federal Reserve chairman, I think you would see a severe reaction in markets with yields higher, dollars lower and equities selling off,” Guha said on “Squawk Box. "I can’t believe that that’s what the administration is trying to achieve,” Guha said.

 

I realize that billionaires in general tend to be very much out of touch with the concerns that we normal people have, but this man seems to be detached from reality to such an extreme extent, that it would appear (from my point of view) to make him a very unstable leader, which makes the world a far less stable place. 

No, he is just following what has worked for republican and democratic administrations since the 2008 financial crisis.  It will probably work again. Powel doesn't want to play along like he has done in the past and that is upsetting Trump.  Flood the system with liquidity so home values and stocks go up.  At some point it will end terribly but I've been saying this since 2012 so even I'm starting think maybe it is as easy  as throwing money from helicopters and spend baby spend.  

Covid damaged the economy . Supply lines were broken . Unemployment was higher , inflation , uncertainty , countries locking up.

Money printing in overdrive to pay people staying at home , not all working from home. Service industry stopped. Aviation stopped ,....

Shops/malls/restaurants closed. Still we got out of it.

 

What Trump is trying to to is much more positive than the covid war.

We'll get a slightly better world if he succeeds , less wate , less spending , less debt.

 

 

18 minutes ago, FlorC said:

Covid damaged the economy . Supply lines were broken . Unemployment was higher , inflation , uncertainty , countries locking up.

Money printing in overdrive to pay people staying at home , not all working from home. Service industry stopped. Aviation stopped ,....

Shops/malls/restaurants closed. Still we got out of it.

 

What Trump is trying to to is much more positive than the covid war.

We'll get a slightly better world if he succeeds , less wate , less spending , less debt.

 

 

Less debt? Slashing taxes and gutting the IRS? Maybe that works in opposite world. Not so much in this one.

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

12 minutes ago, Tug said:

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

bulling the others is more patented by lefty democrats.

Shielded by DA's that don't press charges for leftie crime.

35 minutes ago, FlorC said:

bulling the others is more patented by lefty democrats.

Shielded by DA's that don't press charges for leftie crime.

You mean like when William Barr and John Durham looked to find evidence of malign intent in the Justice Dept.  towards Trump with respect to their investigations of him. And right wingers were jubilant and sure that deep state actors were going to be handcuffed, perp-walked, and sent to prison.And after 4 years Durham came up absolutely empty-handed.

William Barr and John Durham were not on Trump's side.

Again Trump was warned about Barr , but he appointed him anyway.

20 hours ago, FlorC said:

William Barr and John Durham were not on Trump's side.

Again Trump was warned about Barr , but he appointed him anyway.

Sure. Barr was castigated by a Federal judge for lying about the Mueller report by denying that there was anything in it that warranted prosecution. For that he was celebrated by right wingers. It was only after he refused to back Trump in his election denialism that he became a villain to right wingers.

3 hours ago, spidermike007 said:

There's already been so much damage to the economy and he has already created so much uncertainty when it comes to relationships with allies, worldwide trade and what appears to be a continued diminishment of American relevance around the world. 

 

Now it would appear that he is declaring war on the Fed, so is he acting in a sincere manner, and does he honestly believe that what he's doing is going to have a long-term benefit on the economy? Or is this man just completely unhinged, and unable to control himself, and  does he feel a constant need to lash out at anybody that he does not perceive as a friend and ally, or anyone who is not expressing sufficient fealty? It seems like every day he picks a new fight. 

 

President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately.

″‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.

 

Trump (falsely) claimed that there is currently “virtually no inflation” in the U.S., and that costs for energy and “most other ‘things’” are on the decline. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote.

Trump’s latest salvo against Powell — whom he appointed during his first administration — came as the president and his team are studying whether they can legally fire the central bank leader before his term expires in May 2026. Powell has flatly stated that the president cannot remove him under the law.

 

Any attempt by Trump to fire Powell would likely trigger a steep sell off in U.S. equity markets, Evercore ISI’s vice chairman, Krishna Guha, told CNBC on Monday.

 

“If you start to raise questions about Federal Reserve independence, you are raising the bar for the Federal Reserve to cut. If you actually did try to remove the Federal Reserve chairman, I think you would see a severe reaction in markets with yields higher, dollars lower and equities selling off,” Guha said on “Squawk Box. "I can’t believe that that’s what the administration is trying to achieve,” Guha said.

 

I realize that billionaires in general tend to be very much out of touch with the concerns that we normal people have, but this man seems to be detached from reality to such an extreme extent, that it would appear (from my point of view) to make him a very unstable leader, which makes the world a far less stable place. 

absolutely true in every aspect IMHO  I listen to a lot of news clips daily especially those about the US economy.  These trusted professors in prestigious universities, former economic advisors to senior leadersll all call his tariff plan crazy, idiotic, his former economic professor said Trump would get an "F" if he said that in class.  Now that he is after the Fed chief, I am hearing that Trump is "utterly insane"  off his rocker, not a clue to what drives an economy in the world of today.  I hear no one other than his appointed economy people and they just mouth whatever he is saying.  For sure, unless nature says his time is up, we might be doomed - at least the economy will be and who knows how long it will take for any confidence in the US be restored if ever.

1 hour ago, Tug said:

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

Its pretty simple really. He's trying to gain unlimited power and be at the top of the food chain like his 3 idols, XI, putin and kim. They do whatever they wish and no one opposes them. Trump in his typical delusion thinks he can be on that level and it plays right into his narcissistic, megalomaniac character.   All that while his idols laugh at him and play him for the fool he is

He's completely unhinged. 

 

There's so many different things that he's done and that he's likely to do that its actually become boring. The UK News programmes have been totally consumed by his antics and policy making (or unmaking) for the last 4 months - its been like a daily comedy show but its a show that I now turn off.

 

He can get on with his stupidity for all I'm concerned, I'm sick of hearing his name.  However, there are 2 areas where I remain angry at his stance and one of them is a problem for all of us.

 

The man who said Covid might kill 90-100,000 people in the USA (now almost 1.2 million) and suggested that bleach might offer a cure - has taken the USA out of the Paris Accord and is trying to introduce policies that harm the environment -  once again Trump knows better than the scientists. What he's doing could very easily take the planet past one of the 'tipping points' the scientists have been warning about. The same man said he would stop the war in Ukraine within 24 hours - to the best of my knowledge its still raging.

 

And before any of you climate change deniers get on your soapboxes - go sit in a room, light a coal fire with no chimney and smoke 40 fags a day - see how long you live.  It doesn't take Einstein to tell you that what humans have done to the Earth's atmosphere since 1750 is totally unsustainable. We've also done a lot of other damage but the atmosphere is the most pressing.

 

I actually hope the US economy goes down the pan - yes it will also do severe harm worldwide but if it makes his MAGA supporters realise what a deluded, lying lunatic he really is - maybe the world won't have a similar problem in the future.

3 minutes ago, MangoKorat said:

He's completely unhinged. 

 

There's so many different things that he's done and that he's likely to do that its actually become boring. The UK News programmes have been totally consumed by his antics and policy making (or unmaking) for the last 4 months - its been like a daily comedy show but its a show that I now turn off.

 

He can get on with his stupidity for all I'm concerned, I'm sick of hearing his name.  However, there are 2 areas where I remain angry at his stance and one of them is a problem for all of us.

 

The man who said Covid might kill 90-100,000 people in the USA (now almost 1.2 million) and suggested that bleach might offer a cure - has taken the USA out of the Paris Accord and is trying to introduce policies that harm the environment -  once again Trump knows better than the scientists. What he's doing could very easily take the plant past one of the 'tipping points' the scientists have been warning about. The same man said he would stop the war in Ukraine within 24 hours - to the best of my knowledge its still raging.

 

And before any of you climate change deniers get on your soapboxes - go sit in a room, light a coal fire with no chimney and smoke 40 fags a day - see how long you live.  It doesn't take Einstein to tell you that what humans have done to the Earth's atmosphere since 1750 is totally unsustainable. We've also done a lot of other damage but the atmosphere is the most pressing.

 

I actually hope the US economy goes down the pan - yes it will also do severe harm worldwide but if it makes his MAGA supporters realise what a deluded, lying lunatic he really is - maybe the world won't have a similar problem in the future.

I think they are starting to get the message now  trumps time is limited I think he’s just created to many powerful enemies.

Why would anyone think he's unhinged?

12 minutes ago, Tug said:

I think they are starting to get the message now  trumps time is limited I think he’s just created to many powerful enemies.

too many not to many

3 hours ago, atpeace said:

No, he is just following what has worked for republican and democratic administrations since the 2008 financial crisis.  It will probably work again. Powel doesn't want to play along like he has done in the past and that is upsetting Trump.  Flood the system with liquidity so home values and stocks go up.  At some point it will end terribly but I've been saying this since 2012 so even I'm starting think maybe it is as easy  as throwing money from helicopters and spend baby spend.  

There's a clip somewhere on YouTube where Ronald Reagan explains free trade grows an economy, and protectionism stifles it.

 

Rich people don't have to worry about tariffs, an extra 10% on an item means nothing to them. It's the poor who get hit hardest.

 

Insanity was defined by Einstein as doing the same thing over and over, and expecting a different result.

 

Trump lost the trade war with China in his first term.

5 minutes ago, Magictoad said:

Why would anyone think he's unhinged?

Let's see - rename the Gulf of Mexico, make Canada the 51st state, buy Greenland, make the Panama Canal American. End the Ukraine war in 24 hours.

 

Why would anyone think he is not?

Trump thinks he's the smartest man in the world. Knows everything about everything. Thus he's smarter than Powell, etc and they should do whatever he says. Too bad for Americans (and the rest of the world) that he's an actual idiot and couldn't successfully run a business even if his father gave him 400 million 1965 dollars. Every time he tries to run a company it goes into bankruptcy. His only success is selling his name to fools that believe his con man spiel. 

1 hour ago, gargamon said:

Trump thinks he's the smartest man in the world. Knows everything about everything. Thus he's smarter than Powell, etc and they should do whatever he says. Too bad for Americans (and the rest of the world) that he's an actual idiot and couldn't successfully run a business even if his father gave him 400 million 1965 dollars. Every time he tries to run a company it goes into bankruptcy. His only success is selling his name to fools that believe his con man spiel. 

Well, that means 77 million people who voted for him are fools.

Don't know about unhinged, but obvious he's being led down the garden path by some right wing extremists. Remember paleo conservatism...

20 hours ago, FlorC said:

William Barr and John Durham were not on Trump's side.

Again Trump was warned about Barr , but he appointed him anyway.

Barr was a patriot, as was Kelly. Trump was and is the snake and non patriot. His intentions are very dark. 

One thing is certain. He is accomplishing very little, he will NOT bring manufacturing back to America, which is stupid over priced (I am here now and inflation is raging at 20% or higher right now), he is causing alot of pain, he is losing support, destroying businesses, and consumer confidence, he does not have a coherent plan, and he is a destructive nimwit. 

 

I don’t think he has a coherent value structure as most of us understand it. I think we’re seeing a president who’s operating without anything any of us would recognize as a conscience. Truly.

 

It is about showing what he can get away with. It’s about showing his enemies that what they support, he can tear down. It is all about displays of brute strength. He gets off on that, and in that sense, it seems not so much an autocracy but a flexocracy. Let me show you how I can flex my bicep as I use it to power my fist coming into your face.

 

It’s not about any coherent values. It’s not about any North Star. It’s about showing that you can turn the boat 180 degrees around and that you can do whatever you want and you can bring the people who opposed you to their knees.

 

Trump’s idea of power. If I can destroy, if I can defile and march on relatively unscathed and unpunished, that makes me powerful. Other people can’t get away with it, but that’s how dominant and superior I am.

 

 

2 hours ago, Lacessit said:

Well, that means 77 million people who voted for him are fools.

The only fools I see are sad old men in a hate cult 365 days a year 

He is chaos. Why anybody thought it would be different this term than last amazes me. Well, there is difference, I admit. This term is a hundred times worse. There is no check on him, and he doesn't care what happens to the country as long as he is the center of attention each and every day.

4 minutes ago, Harrisfan said:

The only fools I see are sad old men in a hate cult 365 days a year 

The only fools are the ones who support Trump.

There is a lot to hate about him!

4 hours ago, Magictoad said:

Why would anyone think he's unhinged?

Perish the thought - entirely grounded in reason!

4 hours ago, Lacessit said:

There's a clip somewhere on YouTube where Ronald Reagan explains free trade grows an economy, and protectionism stifles it.

 

Someone should send that clip to China, posthaste.

 

2 hours ago, simple1 said:

Don't know about unhinged, but obvious he's being led down the garden path by some right wing extremists. Remember paleo conservatism...

 

That Navarro is plainly NUTZO.

I have been watching that guy for over a decade.

Just crazy, and...

Unqualified.

 

I have no idea how he is going to back out from all the chaos he

has caused ,and neither does he ,sure he will blame someone

else , Musk ,J D Vance , it will never be his fault that he has ruined

the economy .the first thing he is going to walk away from is the

Ukraine ,Russian war , which Russia started ,and he said it could

be solved first week , along with the cost of food ...

 

regards Worgeordie 

31 minutes ago, GammaGlobulin said:

 

That Navarro is plainly NUTZO.

I have been watching that guy for over a decade.

Just crazy, and...

Unqualified.

 

It gets better, Laura Loomer advising on the stuffing  staffing of national security.