this post was submitted on 12 Jan 2026
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politics

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[–] reddig33@lemmy.world 36 points 1 week ago

Powell posted a great video response about it to YouTube.

https://youtu.be/KckGHaBLSn4

[–] CharlesDarwin@lemmy.world 34 points 1 week ago (3 children)

If Donvict gets his wish here, hold onto your motherfuckin' hats when it comes to the economy.

[–] Keilik@lemmy.world 20 points 1 week ago* (last edited 1 week ago)

Powell’s term ends May 26th anyways, so them/trump trying this now means that things are SUPERFUCKED^TM^ and he is trying everything in his power to keep the crash from happening before the midterm elections.

[–] Tehbaz@lemmy.wtf 15 points 1 week ago (2 children)

When it collapses due to him installing a mouth breathing MAGA loyalist maybe then Americans will be pissed off enough that it'd be better to put their tools down for a prolonged general strike rather than wait for a rigged election.

[–] CharlesDarwin@lemmy.world 5 points 1 week ago (2 children)

I don't have any special information, so this may sound like a conspiracy theory, but it seems that when people with very deep pockets have someone fucking with their stuff, it seems like they retaliate and in not-so-peaceful ways.

And fucking with the markets is very much something these kinds of people consider "their stuff".

Donvict is a moron, but it seems he'd be cunning enough to realize this and he probably even had an understanding about this kind of danger on a much lower level when he was rubbing elbows with the mafia in NYC. But maybe he's not as cunning as I thought.

[–] Tehbaz@lemmy.wtf 6 points 1 week ago (1 children)

It depends of course on who he puts in to replace Powell. If they are going to blindly drop interest rates like what Trump wants inflation is likely to spike again, which will benefit corporations due to lower borrowing costs while raising prices of consumer goods, but will fuck over ordinary people in a massive way.

[–] CharlesDarwin@lemmy.world 1 points 1 week ago

Donvict has been harping on wanting lower interest rates, so it seems that is the likely outcome.

[–] phutatorius@lemmy.zip 3 points 1 week ago

But maybe he’s not as cunning as I thought.

It's pretty unimaginable, the infinitesimal scale of his cunning.

[–] lemmylump@lemmy.world 13 points 1 week ago (1 children)
[–] BC_viper@lemmy.world 6 points 1 week ago (1 children)

Only one way a nazi is good.

[–] First_Thunder@lemmy.zip 1 points 1 week ago

With 11 herbs and spices?

[–] Mulligrubs@lemmy.world 2 points 1 week ago

Whatever the FED does, you can be sure it will put banks first! That's what they are. Bankers. For-profit bankers.

For-profit bankers regulating banks and in charge of the money supply, brilliant.

A few years after the FED's founding we had the Great Depression, when bankers bought everything for "pennies on the dollar". Since then, they've pulled the rug out over and over and over again.

Another "correction" will occur shortly, and they will say "it's the invisible hand of the market we're just poor hard-working bankers who love America!"