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UltraWoof
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End of Fed Independence! House Financial Services Committee Sends Warning Letter to Yellen “This is Unaccep... - Mish - Global Economic Analysis

Hmm, whenever a president or senate locks horns with the Fed, they'll raise interest rates and tighten the money supply, just to show who's boss, and the people will suffer. Isn't that old saw about "Let me control a nation's currency and I care not who makes its laws" still valid?
History repeating itself, or somewhat rhyming. See Jackson, Lincoln, Wilson, Kennedy, etc.
It's tiresome to witness this. And no, I don't have Parkinson's, I just can't stop shaking my head.

Commented 2649 days ago

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Beginning of the headline :The Trump team wasted no time in telling Fed Chair Janet Yellen what is and is not acceptable. Patrick McHenry, the vice chairman of the House financial services committee, sent Yellen a letter of admonishment regarding international negotiations the Fed conducts in secret, with no oversight. One line stands out: “This is unacceptable”. The preceding paragraph tears into the Fed’s secret negotiations with foreign bureaucrats, “without transparency, accountability, or the authority to do so.” M... Read More

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