Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump.
Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed.
The Federal Reserve is currently setting the stage for a recession, a new housing crisis and a stock market crash, and if those things happen unfortunately it will be Donald Trump that will primarily get the blame.–Michael Snyder, Zero Hedge, March 17 2017
Monetary policy and the Military-Industrial-Security Complex drive economics and politics in the United States. As I’ve maintained, the deportation of immigrants is in anticipation of a serious depression in the U.S. brought on by record debt. The U.S. did the same thing during the 1930s. The downsizing of government is nothing more than the same austerity visited upon Greece. As in Venezuela, Greeks were led to rummage around in garbage bins to feed themselves. Also not uncommon during the Great Depression in the U.S. Not only illegals are in for a wake-up surprise, but also most under-educated Americans and even college graduates. Retail sales, and the real economy is rolling over with as many as a third of shopping malls targeted for closure. Dear readers, the stock market is pure fantasy. By the end of the year the truth will become evident that the U.S. is insolvent. Trump was sent to us by the banksters to institute austerity and the reduction of state employees as well as the downsizing of welfare rolls–hence the renewed interest in deporting illegals. Once the defaults, bankruptcies, and liquidations begin in earnest, the economy will lock up like the ’30s. This time however it might just be commercial real estate that provides the spark that burns down the American house. And because the world is $57 trillion dollars more in debt, the next downturn will be the Big Econoquake. And no, The Donald will not be able to do anything to prevent the great economic and financial reset.