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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (210930)	4/21/2025 8:13:52 AM
From: IC720	Read Replies (1) \| Respond to of 218617

Fwiw M. Armstrong has gold testing 3500 this week, then 2 week pull back, but who knows with changes daily.. This last night ZH... Dollar Crashes On Powell Removal Speculation, Gold Soars To All Time High And Bitcoin Suddenly Spikes ... April 17.. MA "If Trump gets Congress to remove Powell, then we will see a Financial Panic." Can Trump Fire Powell from the Federal Reserve .....Then there was the 1985 Plaza Accord when James Baker thought that if the five main central banks banded together, they could intervene and control the currency markets. I warned President Reagan that it would result in a crash, which, because of the 1987 Crash, was caused by their currency manipulation. The dollar had already turned down thanks to market forces. When the Plaza Accord announced that they wanted to lower the dollar by 40%, the decline in the dollar became critical, so they had the Louvre Accord in February 1987 and declared that the decline in the dollar had been enough. When the dollar continued to decline, the world woke up to the fact that the central banks could NOT control the free markets, and that resulted in the 1987 Crash, and foreign capital panicked, selling US assets, fearing another 40% decline. If Trump gets Congress to remove Powell, then we will see a Financial Panic. Conclusion Trump is Looking at this as a Borrower & Not a Lender The President lacks the authority to dismiss a sitting Fed Chair without demonstrating legitimate cause. This design protects the Federal Reserve’s independence, ensuring monetary policy decisions prioritize economic stability over political agendas. Interest rates decline in recessions and depressions BECAUSE people are not interested in borrowing when the future is uncertain. Rates rise during boom times naturally BECAUSE there is a demand for money. Central Banks do NOT control the interest rate – THAT IS ANOTHER MYTH!!!!!!