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It's Come To This's avatar

People don't understand the stakes involved in firing the only Black member of the Federal Reserve's Board of Governors, nor their consequences.

Cook has consistently voted with Jerome Powell to keep interest rates steady, despite a certain screaming toddler's "demand" that he lower them. She has been joined by a majority of Governors. But no White Governors have been fired. No White Governor has been the target of a cartoon witch-hunt where silly, trumped-up charges of inappropriate conduct have suddenly materialized out of nowhere. It's offensive to dignify them by noting that they come "without evidence." It's all made-up shit from start to finish. And they know it. That alone should tell you everything.

Not quite. The reason President Golf Cart wants interest rates lowered has nothing to do with the country, but EVERYTHING do with him. Since January, Greedier-than-Midas has bought at least $100 million worth of bonds. Guess what happens to bond values when interest rates fall? President Emoluments is taking care of himself, the way he always does. He's made 1600 Pennsylvania the address for the biggest extortion racket in the country. 10% from Intel here, 24-karat gifts from Apple there, tariff demands from this country and that one, bribes from Harvard and Columbia just to be left alone, interest rates moving at his command --- it's not 'about the economy, stupid.' It's certainly not about the price of eggs. It's about GRAFT. "I want you to do a little something for me first." We are all Volodymyr Zelenskyy now.

People have nearly lost their minds demanding the opening of the "Epstein Files" -- whatever that even means -- something about a dead child molester that would move the needle. But the real monster is already here -- open, transparent, direct violations of the Constitution taking place every day. Public outrage should be laser-focused on them.

The bond markets aren't going to take kindly to Trump's attack on the Reserve. For a century, an independent Reserve has been the driving force behind America's AAA bond rating. It's why the Chinese own the lion's share of Treasuries -- they're the safest investment in the world. Not any more. It's about attacking America while hiding under a stupid red MAGA hat.

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Lor's avatar

Good grief Joyce. You’re just amazing. Thank you

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