And then there is Trump insistence on lower interest rates. I’m not feeling an economic debate at the moment, but lower rates means less baht in my pocket.

 

On average. There may be unusual circumstances where lower rates means a stronger dollar, but the various Trump moves are to deliberately weaken a dollar for export purposes.

 

Again, Trump trash may like him enough to pay a Trump premium just to have him around.

Me? No. Why am I paying for your delusions?

3 hours ago, Cameroni said:

It's really quite puzzling how Ms Cook came to be in the position she's in.

 

I don't really think it's that puzzling. 

23 hours ago, Cameroni said:

This is superb news. There'll be more Trump appointees in the Fed setting interest rates plus the dollar will fall. 

 

Win Win.

 

Trump never sleeps, this is incredible.

Why don't you and your ilk just come out and admit you want Trump as a dictator? You are all so happy (some might say delirious) for him to ride roughshod over the judiciary, the legislative and now the Fed. I saw one of the MAGA faithful the other day posting a 'Trump 2028' hat which we all know is impossible under the current constitution but this now seems to be absolutely fine for the MAGA faithful. There's never any criticism; never any objectivity; never any introspection just blind and utter devotion to the man.

 

And you wonder why you all get compared to a cult?

3 minutes ago, JonnyF said:

 

I don't really think it's that puzzling. 

 

It isn't puzzling that she wouldn't have got the job if a far right racist was the decision maker to employ her.

11 minutes ago, johnnybangkok said:

admit you want Trump as a dictator?

 

To be honest I don't think Trump has it in him.. We'll have to wait for JD Vance for that.

 

Trump is too nice a guy.

 

12 minutes ago, johnnybangkok said:

or him to ride roughshod over the judiciary, the legislative and now the Fed

 

He's doing nothing of the sort. In fact it was Ms Cook who ignored applicable laws and thought the laws of fraud do not apply to her.  I would be very surprised if that's the case.

 

No doubt her fraud will be duly punished in due course.

2 minutes ago, Cameroni said:

 

To be honest I don't think Trump has it in him.. We'll have to wait for JD Vance for that.

 

Trump is too nice a guy.

 

 

He's doing nothing of the sort. In fact it was Ms Cook who ignored applicable laws and thought the laws of fraud do not apply to her.  I would be very surprised if that's the case.

 

No doubt her fraud will be duly punished in due course.

I rest my case

3 minutes ago, johnnybangkok said:

I rest my case

 

Look, Trump is too old to be a dictator.

 

It would never work.

In a 22 MAY 2025, when those challenging their firing at will from the NLRB by Trump might also apply to the Federal Reserve, the Supreme Court's majority opinion states:

 

"We disagree. The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the First and Second Banks of the United States."

 

 

53 minutes ago, CallumWK said:

 

It isn't puzzling that she wouldn't have got the job if a far right racist was the decision maker to employ her.

 

Well she got the job so it would appear that your fantasy of having a far right extremist deny her the role must remain just that, a fantasy. 

37 minutes ago, Cameroni said:

 

Look, Trump is too old to be a dictator.

 

It would never work.

Since when age is the criteria to be a dictator. The oldest dictator in the world is 92 years old President of Cameroon. Trump has now the executive, legislative and judiciary under his thumb. I hope the FED will hold their ground. This is dictatorial stuff. 

4 minutes ago, Eric Loh said:

Since when age is the criteria to be a dictator. The oldest dictator in the world is 92 years old President of Cameroon. Trump has now the executive, legislative and judiciary under his thumb. I hope the FED will hold their ground. This is dictatorial stuff. 

 

That's obviously different, Biya has been in power since the early 80s. He's not applying for dictatorship now! He's had 40 years of dictator practice.

 

If Trump were to apply for a dictator position now for the first time that would never work. If he'd honed his dictator skills for 40 years, okay. But as a dictator rookie at 79, I don't see it happening.

8 minutes ago, Eric Loh said:

Since when age is the criteria to be a dictator. The oldest dictator in the world is 92 years old President of Cameroon. Trump has now the executive, legislative and judiciary under his thumb. I hope the FED will hold their ground. This is dictatorial stuff. 

 

You seem to be confusing a strong leader who was democratically elected in a landslide, with a dictator.

 

Easy mistake to make if suffering from a severe case of <removed>.  

On 8/26/2025 at 12:49 PM, Cameroni said:

The question is did Ms Cook really engage in mortgage fraud?

 

If so...tut tut...

Therein listens the rub ... IF. trump's mortgage charges, the west ploy against James, against Schiff and let's try it on a Congressional established "independent agency". 

9 minutes ago, JonnyF said:

 

You seem to be confusing a strong leader who was democratically elected in a landslide, with a dictator.

 

Easy mistake to make if suffering from a severe case of <removed>.  

Putin was also elected. It’s his imposition of control over states, placing his lackeys in key positions, intimidation of Congress representatives, influencing judiciary to have his way and going after his political enemies that make him moving towards dictatorship. By the way, he didn’t win in a landslide. 

10 minutes ago, Eric Loh said:

Putin was also elected. It’s his imposition of control over states, placing his lackeys in key positions, intimidation of Congress representatives, influencing judiciary to have his way and going after his political enemies that make him moving towards dictatorship. By the way, he didn’t win in a landslide. 

 

Putin is not a dictator though.

49 minutes ago, JonnyF said:

 

Well she got the job so it would appear that your fantasy of having a far right extremist deny her the role must remain just that, a fantasy. 

 

You understand the meaning of the word IF Jonny.

That she got the job means that she got the job because the recruiter at that time wasn't one of your far right racist league.

10 minutes ago, Cameroni said:

 

Putin is not a dictator though.

Yes he is very much a dictator. Transforming the political system into an authoritarian dictatorship. building himself into a personality cult through his propaganda machinery and going after his enemies. Does that sound familiar to what is happening in America now? 
 

On 8/26/2025 at 12:49 PM, Cameroni said:

The question is did Ms Cook really engage in mortgage fraud?

 

If so...tut tut...

She has already said the charges are "trumped up" and will sue. Likely Trump is doing this to as you say, "Take over the fed."

 

What I don't understand if you are a US citizen is why you sound so happy about him weakening the USD. Won't it affect exchange rates for USD to THB and make it  more expensive for Americans living here?  Just asking.

5 minutes ago, Eric Loh said:

Yes he is very much a dictator. Transforming the political system into an authoritarian dictatorship. building himself into a personality cult through his propaganda machinery and going after his enemies. Does that sound familiar to what is happening in America now? 
 

 

Sorry, but a dictatorship is an autocratic form of government which is characterized by a leader, or a group of leaders, who hold absolute power. That's not the case with Putin.

 

You need to be more precise with your terminology. Perhaps also re-read Carl Schmitt who has written authoratively on what constitutes a dictatorship. He has provided by far the most sophisticated definitions of "dictatorship" ever made, and none of them applies to Putin's Russia.

 

 

25 minutes ago, phetphet said:

She has already said the charges are "trumped up" and will sue. Likely Trump is doing this to as you say, "Take over the fed."

 

What I don't understand if you are a US citizen is why you sound so happy about him weakening the USD. Won't it affect exchange rates for USD to THB and make it  more expensive for Americans living here?  Just asking.

 

She can say what she likes, but it would appear she has given two wholly different addresses as "main residence" which would seem to be impossible. Unless she's a supernatural being that can live in two places at the same time. It's inconceivable she did not commit fraud.

 

As regards the USD exchange rate, it will be very positive for US companies if the Dollar falls as it will make US products more competitive. Yes, of course it will mean things will get more expensive. However, I trade Forex, so a continously falling USD would actually be preferably for me than the volatility we have now. In any event prices will go up no matter what happens.

2 hours ago, Cameroni said:

 

To be honest I don't think Trump has it in him.. We'll have to wait for JD Vance for that.

 

Trump is too nice a guy.

 

 

He's doing nothing of the sort. In fact it was Ms Cook who ignored applicable laws and thought the laws of fraud do not apply to her.  I would be very surprised if that's the case.

 

No doubt her fraud will be duly punished in due course.

No one knows more about fraud then the village idiot cheat in charge,so if he thinks she has defrauded anyone,well he would definately know wouldn't he.

31 minutes ago, CallumWK said:

 

You understand the meaning of the word IF Jonny.

That she got the job means that she got the job because the recruiter at that time wasn't one of your far right racist league.

 

The fact that you are creating imaginary scenarios in order to mis-represent someone's position indicates that your demand for racism is once again outstripping the supply Callum. 😄

 

I do hope it made you feel virtuous though. 😗

 

2 hours ago, Prubangboy said:

And then there is Trump insistence on lower interest rates. I’m not feeling an economic debate at the moment, but lower rates means less baht in my pocket.

 

On average. There may be unusual circumstances where lower rates means a stronger dollar, but the various Trump moves are to deliberately weaken a dollar for export purposes.

 

Again, Trump trash may like him enough to pay a Trump premium just to have him around.

Me? No. Why am I paying for your delusions?

Leftie trash like you are delusional.   You need seek out a mental heath professional. 

Very scary and draconian stuff. This is only the beginning, the more power this madman is given, the more power he will demand, the less democratic America will become, and the less people will challenge his authority. 

 

Economics and politics have always been intertwined. Presidents, along with Congress, set tax rates, make trade deals, tighten and loosen regulations, and control vast amounts of federal spending. And they are held accountable by voters, fairly or unfairly, for how the economy performs on their watch. But while policies and priorities may shift from one administration to the next, investors and businesses have long been able to rely on a bedrock structure of rules and rule makers that are, if not entirely free of political influence, at least somewhat insulated from it.

 

They could trust, for example, that the Fed would follow its legal mandate to keep prices stable and the labor market strong, regardless of the political ramifications for the person in the Oval Office.

They could be confident that statistical agencies would produce the most accurate numbers they could, and leave it to others to fight over how to interpret them.

They could have faith that regulatory agencies and the Department of Justice would enforce their rules consistently, and that if they didn’t — if rules were applied unfairly or property was seized unjustly — they could bring those grievances to an independent court of law.

 

“Every part of the American success, such as it is — the U.S. as an innovation hub, the U.S. as a place where people bring their money for safety — those have all been rooted in some sort of belief and some sort of reality of U.S. courts and U.S. agencies functioning well,” said Daron Acemoglu, an economist at M.I.T. who won a Nobel Prize last year for his research on the importance of institutions to economic growth.

 

All of those pieces are now being threatened. Mr. Trump has said he plans to replace the ousted commissioner of the Bureau of Labor Statistics with E.J. Antoni, a right-wing economist better known for criticizing the agency and supporting the administration’s policies than for his expertise in government data. Mr. Antoni still requires Senate confirmation.

 

Economists worry that the politicization of government statistics could set the United States on a path similar to that of Argentina, Greece and Turkey, other countries that have tried to suppress or fudge politically inconvenient data.

Mr. Trump has also tried to bend the Fed to his will and pressure it to slash interest rates. He has repeatedly threatened to fire its chair, Jerome H. Powell, who has kept rates steady since Mr. Trump took office. The president, who does not have the power to fire the Fed chair, is now trying to stack the central bank with loyalists who will commit to slashing borrowing costs.

 

 

5 hours ago, stevenl said:

I doubt the president has the authority to fire her. On top of that, firing for a potential issue that was known at time of confirmation shouldn't be allowed anyway.

Do you think it was know that she was committing mortgage fraud at the of he conformation?

2 hours ago, Will B Good said:

 

 

 

I doubt Trump is concerned about the niceties, but she can only removed if this 'fraud' took place whilst in office......and if there was fraud...... it was prior to her appointment.

What is that based on?

 

And unless the mortgage has been paid off, the fraud is ongoing, yes? 

Trump has accused Fed Governor Lisa Cook of mortgage fraud. Here’s what we know

 

Updated Aug 26, 2025
In Cook’s case, the details aren’t clear, and very little information has been publicly released. (Patrick Delahunty, a former federal prosecutor) said that to prove mortgage fraud, prosecutors would need to show that either the Michigan or Georgia lenders would have made a different decision if Cook had listed one of the properties as a secondary residence.

 

He added that Cook may have simply erred by designating both homes as her primary residence, noting that the complexity of the mortgage process is often used as a defense in such cases.

 

“The false statement would have to be intentional at the time it was made,” he said.

 

https://edition.cnn.com/2025/08/25/business/fed-governor-lisa-cook-what-we-know

 

2 minutes ago, jerrymahoney said:

Trump has accused Fed Governor Lisa Cook of mortgage fraud. Here’s what we know

 

Updated Aug 26, 2025
In Cook’s case, the details aren’t clear, and very little information has been publicly released. (Patrick Delahunty, a former federal prosecutor) said that to prove mortgage fraud, prosecutors would need to show that either the Michigan or Georgia lenders would have made a different decision if Cook had listed one of the properties as a secondary residence.

 

He added that Cook may have simply erred by designating both homes as her primary residence, noting that the complexity of the mortgage process is often used as a defense in such cases.

 

“The false statement would have to be intentional at the time it was made,” he said.

 

https://edition.cnn.com/2025/08/25/business/fed-governor-lisa-cook-what-we-know

 

 

So this is a Governor at the Fed, but she gets confused as to what her home address is?

 

Are you having a laugh?

16 minutes ago, Cameroni said:

 

So this is a Governor at the Fed, but she gets confused as to what her home address is?

 

Are you having a laugh?

The big laugh I am having is when Trump or his attorneys feel their right to fire Ms. Cook is so dubious that they have to change the wording of statute language to do it -- the statute does not contain the word discretion -

 

She is not going anywhere. Trump has no authority and this PhD Economist has an appointment until 2038.

 

If you are looking for mortgage fraud, Trump knows all about it, especially when washing rubles.