Trump is about to take office, and the Federal Reserve has a deep-seated hatred for him.
In light of Republican presidential candidate Trump's confirmed return to the White House, Federal Reserve Chairman Powell stated that if Trump asks him to resign, he will refuse, citing that U.S. law does not allow the president to dismiss the Federal Reserve chairman. During his first presidential term, Trump repeatedly criticized Powell, whom he appointed as chairman of the Federal Reserve, claiming that the latter was not loosening monetary policy quickly enough and threatened to dismiss him. Recently, Trump complained that Powell has been consistently untimely in his decision-making, saying it was 'either too early or too late.' According to Section 10 of the U.S. Federal Reserve Act, members of the Federal Reserve Board (including the chairman) can be 'removed by the president for cause.' Legal scholars typically interpret 'for cause' as severe misconduct or abuse of power. In Trump's view, the president should have the authority to participate in interest rate decisions. In October this year, during an interview with Bloomberg, Trump stated that if he returns to the White House, he will seek greater influence over the Federal Reserve. He believes the president has the right to tell the central bank's chairman what to do and should have a say in interest rate changes. Trump also mocked the position of Federal Reserve chairman as 'the best job in government,' saying, 'You come to the office once a month and then say, ‘Let’s flip a coin,’ and everyone talks about you like they talk about God.' Here, it's worth noting why the Federal Reserve dares to confront Trump. The Federal Reserve is, in fact, a very mysterious institution. Strictly speaking, it is a privately held institution and is not under the leadership of the White House. The power to print dollars is also in the hands of the Federal Reserve. Throughout American history, any president who attempted to reclaim the power to print money and other controls has faced dire consequences, the most famous being Kennedy. Trump is resolute; as the most powerful president in American history, he is expected to consolidate legislative, judicial, and executive powers into one, making him a political maniac who absolutely cannot tolerate the Federal Reserve's attitude. There's an ancient Chinese saying: 'To shoot a man, first shoot his horse; to capture a thief, first capture the king.' This is not only applicable to ancient China but resonates worldwide. With Trump's expertise in power tactics, business acumen, and unfiltered speech, he will naturally find ways to make the Federal Reserve obedient, with the focus starting to turn to the backers of the Federal Reserve. And the largest shareholder of the Federal Reserve is none other than the Rothschild family. This is definitely not a conspiracy theory, but a true story. The core belief of the Rothschild family is to monopolize finance, issue government bonds, and profit from wars between nations, even directly instigating wars. Therefore, the Rothschild family is one of the most evil families in the world, and frighteningly, they have a firm grip on America. It is said that the Rothschild family has a motto: 'Once I control a nation's currency issuance, then that nation's laws no longer matter.'
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