Yes, the stakes here are large. Very large.
Trump posts a letter stating that he is removing Fed Governor Lisa Cook
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It's all part of the big steal. They're stealing the public assets of the US. All of them. It will make the rise of the Russian oligarchs look like kids stealing candy.
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going to the grocery store in 2026
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Perhaps she can move to Japan and never get it.
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Unfortunately, it is this kind of shock that is needed in the US.
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The Fed normally cuts rates to stimulate a stagnant economy... but according to the White House the economy is booming.
What is it that people say about doing the same thing over and over again and expecting different results? Here's what happened every other time they did this...
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Interesting way to kill a country from the inside
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After causing the massive inflation of the Zimbabwean Dollar, Robert Mugabe declared a 'War on Zeroes'. Maybe that could be the theme of the 2026 SOTU.
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Yes, he has his henchmen going after her. Bill Pulte is a tool. Read his comments from a few days ago. www.cnbc.com/amp/2025/08/...
Fed's Cook says she will not be 'bullied' into resigning after Trump official accuses her of mortgage fraud
Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.
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If I were in charge, I simply would avoid mimicking the behavior of countries with lots of commas on their bills.
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We will see if there is "cause" here. I suspect there isn't, and I hope Lisa Cook (and a very good legal team) pushes back hard.
This president assumes he has totalitarian control until people effectively resist. Then ... TACO.
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I'm just trying to move all my money into Europe as fast as possible.
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Straight into the shitter. We tried to warn them.
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Hopes she fights this illegal firing by Shitbag.
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Oh I see - she’s a Black woman. Shocking that he’d pick her to try and fire …
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Our economy is now being run by the stupidest man in the world. 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️
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That chart is brilliant, scary, and belongs in every story about this situation.
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Hell yeah. Time to burn this entire shithole to the ground.
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Ah Stagflation! Here we go again! We are guaranteed high inflation, stagnant economic growth, and elevated unemployment with a bunch of idiots who are economic illiterates.
Perhaps we can get really lucky and have his foreign policy cause economic sanctions against the US too!
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Ludicrous!
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What a dick.
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Trump has so many idiotic ideas that he's bound to destroy the economy one way or another. And he will certainly blame Biden for the coming disaster.
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Inflation shot up in Turkey. Today it’s at 38%.
Let’s hope Pres Trump realizes he can’t bully inflation down. But I think he will get his way.
Sooner or later.
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One more step toward shithole country status.
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📌
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Fuck.
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So, what you’re saying is we’ll see you on MSNBC @ 11 pm, EST.
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So I’m thinking that America shortly will be adopting the Zimbabwean dollar.. you can get it for pennies on the (quadrillions of) dollars!
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Wow, what a letter. Crazy never sleeps.
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Let’s retire him to the senior center BEFORE inflation gets to 86%.
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JFC.
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Inflation was skyhigh in Turkey already in 1980's . Rates of lira changed each day during holidays.
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Autocracy is bad for business
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Shit
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A graph like that ignores every single other context but the firing.
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You are a demagogue.
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Donald Trump, the convicted 34-count felon, a convicted sexual abuser, a well-documented pathological liar, a proven lifelong racist & the instigator of an insurrection, keeps proving why he is nothing more than an individual who makes accusations without a shred of evidence to support his claims.
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I’ve been up most of the night trying to decide if this is the final sign before we liquidate assets and flee, I don’t want to wait until they’re worthless and I can’t afford to get my family out.
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Looks like freefall
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📌
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And Erdogan has been President since 2014. The hyperinflation didn’t result in regime change.
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Tempted to move back down under yet? I realise we aren’t immune to the malignancy but at least we’re further away 😞
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"In light of your deceitful and potentially criminal conduct in a financial matter" Once again Trump telling on himself.
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Even ignoring the effect of central bank interest rates on inflation (because they modulate aggregate demand to help balance aggregate demand and supply), there is another reason to avoid low rates. Savers are harmed by low interest rates. They punish virtuous people who consume within their means.
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How about that 23% inflation rate in Trump’s favorite country Hungary ? There’s not an authoritarian dictatorship anywhere in the world with a healthy economy.
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What happened in '23 that caused the big dip before spiking again?
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Justin wolfers for president
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What could possibly go wrong here?
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And then Erdogan got “re-elected” again
Not to mention “re-elected” just after the devastating massive earthquake that decimated buildings not built to code because of rampant corruption
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Every part of my education is weeping.
It is practically my religion that the independence of the federal reserve be maintained.
I thought Trump had taken everything from us, but just another reminder there is always another line to cross.
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“It Can’t Happen Here”
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These 4 years are really dragging.
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Will Social Security go up by 86% or the usual measly 2%?
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The felon and traitor trump has no authority. This illegal action will be overturned by a court of law.
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At what point in all of this should we...the everyday, average American citizens...start shitting ourselves out of fear and dread?
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This train is going so fast, it can’t be stopped…. No brakes, no guardrails!!! We’re all gonna die!!!!
Couldn’t help myself… had to be a little hyperbolic. Cheers
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Your words remind me that presence is a present. 🎁
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Many people look at this chart and don't understand that a chart of prices over time would look even worse (much worse!). I do wish—for the sake of clearer communication and more widespread audience insight—that economists would consider a different or additional presentation of the data.
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We're already overdue for a crash.
Trump needs locking up.
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And the interest were 50% until like May, 2025 and decreased to 46% and kept at 46% in Turkey
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Just out of curiosity, what happened to interest rates over that time? A compliant Fed can set the Fed Funds Rate low but with that kind of inflation that seems unsustainable, and it seems like rates on loans etc. will rapidly diverge from it no matter what.
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Frightening
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I think we’re in deep trouble now.
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Simple solution, appoint a different loyalist to provide the official price index
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📌
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To paraphrase what l wrote below… … People who sell their republic over inflation deserves neither low inflation nor a republic bsky.app/profile/glen...
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In case you’re thinking that’s a cumulative chart and the lira is only down 38% against the dollar
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Trump Steaks!
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The American people do not have full confidence in the honesty of dishonest Donnie
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Yikes. Trump doesn’t know what he is doing. Trump not smart. How come he never shares his grades from Wharton School???
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Just as crazy is that it took Erdogan 3+ years to go from wanting to take over monetary policy to installing a loyalist. Trump is on the verge of doing it in less than 6 months...
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There is no cause, just an accusation.
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Crikey!
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This is what happens when a country elects a Manchurian Candidate into the presidential office.
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does this mean we should move our money out of dollars? or does it not matter and the whole world is fucked?
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The U.S. economy cannot survive this presidency. No one in this administration knows what he or she is doing. We could be in a hyperinflation situation in a matter of months if the Fed’s independence is compromised.
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It’s like a strategy to entice people to join their side.
Us: Oh, it’s $4 for a lime at the grocery store, don’t think I’ll be buying many of them..
Meanwhile they are throwing a key lime pie & margarita party on our dime just teasing people what they are missing out on
