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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Gemlaoshi who wrote (137013)	12/5/2017 8:11:42 PM
From: Elroy Jetson	Respond to of 218349

It looks like Trump's nominee for the Fed is serious about imposing negative interest rates. Whether this experiment fails as you expect is yet to be seen. But with rates still being quite low, it's clear Trump wants the Fed to be able to deliver a real one-two punch to the economy when we enter a recession. Taxing cash, bank deposits and similar value holders like gold will help chase Americans into bonds, stock and real estate. Trumpistas have long been very critical of the Fed using Quantitative Easeing when they could have quickly imposed a 5% annual tax on gold and cash as negative interest rates to really kick-start asset appreciation. His plan to place restrictions on cash usage fits well with Trump's vision of a strong authoritarian government. People caught with cash will probably be prosecuted as economic terrorists. Trump's attorney has already asserted Nixon's contention that every action president Trump takes is by definition legal, by virtue of the fact that he is president. That's not something a weakling president like Obama and the rest of them would assert - only strong presidents like Trump and Nixon take these manly forceful actions in the face of opposition.