On November 7, local time, with the Republican presidential candidate Trump confirmed to return to the White House, Federal Reserve Chairman Powell said that if Trump asked him to resign, he would refuse, on the grounds that US law does not allow the president to remove the Federal Reserve Chairman. During his first presidential term, Trump repeatedly criticized Powell, who was appointed by himself as the chairman of the Federal Reserve, saying that the latter did not relax monetary policy fast enough and threatened to remove him. Not long ago, Trump complained that Powell's decision-making has always been inappropriate, "either too early or too late." According to Section 10 of the United States (Federal Reserve Act), members of the Federal Reserve Board (including the Federal Reserve Chairman) can be "removed by the President for cause." Legal scholars usually interpret "for cause" as serious misconduct or abuse of power. In Trump's view, the president should have the right to participate in interest rate decisions.
In an interview with Bloomberg in October this year, Trump said that if he returns to the White House, he will seek greater influence in the Federal Reserve. He believes that the president has the right to tell the central bank governor what to do and should have a say in interest rate changes. Trump also ridiculed the position of Federal Reserve Chairman as "the best job in the government," "You come to the office once a month and say, 'Let's flip a coin,' and everyone talks about you like they talk about God."
Here we need to talk about why the Federal Reserve dares to confront Trump. The Federal Reserve is actually a very mysterious institution. Strictly speaking, it is a privately held institution and is not led by the White House. The right to print US dollars is also in the hands of the Federal Reserve.
All the former US presidents who wanted to take back the right to print money and other control rights have suffered misfortunes, the most famous of which is Kennedy. Trump is determined. As the most powerful president in American history, he is expected to be a political madman who combines legislative, judicial and executive powers. He absolutely cannot tolerate the attitude of the Federal Reserve. There is a saying in ancient China that when shooting a man, you should shoot the horse first, and when catching a thief, you should catch the king first. This is not only applicable to ancient China, but also to the whole world. Trump, who is good at power politics, proficient in business, and outspoken, will naturally find a way to make the Federal Reserve obedient, and the spearhead will begin to target the backstage of the Federal Reserve. The largest shareholder of the Federal Reserve is none other than the Rothschild family. This is definitely not a conspiracy theory, but a real story.
The core idea of the Rothschild family is to monopolize finance, issue national debt, and make money through wars between countries, or even directly start wars. Therefore, the Rothschild family is one of the most evil families in the world. The scary thing is that they have a firm control over the United States. The Rothschild family is said to have a family motto: "When I control the currency issuance rights of a country, then the laws of this country are no longer important." #ETH持续飙升
