Did a Top CNBC Anchor Just Leak Trump’s Plan for the Fed
Over the last few weeks, I’ve been building a case that the Fed and President Trump are at war with one another.
To review, the basic outline is as follows:
- The Fed participated in the Deep State’s coup against President Trump, intentionally hurt the U.S. economy and the U.S. stock market by aggressively hiking interest rates and shrinking its balance sheet by $600 billion.
- President Trump caught on to this scheme in late 2018. Since that time, he has been planning his revenge – bullying the Fed in to easing policy again, with the ultimate goal of eventually taking over the Fed by designating the control of the U.S. dollar as a matter of national security.
Regarding #2, I realize this sounds a lot like a conspiracy theory, but consider what Art Laffer recently said.
Planting the Seeds for a Fed Takeover
As a reminder, Art Laffer is one of the President’s closest economic advisors.
Laffer advised candidate Trump during his 2016 Presidential campaign and was one of the guiding forces behind the President’s 2017 Tax Reform bill. For this and other reasons, the President recently awarded Laffer the Presidential Medal of Freedom, the highest honor a civilian can receive.
Put simply, Art Laffer is in the President’s trusted inner circle of advisors… someone who knows the President’s plans for the economy better than almost anyone.
And earlier this month, Laffer revealed just what the President is thinking about doing to the Fed.
Read the following quote closely and prepare to be astonished…
“The Fed shouldn’t be independent of the administration. Never should be. None of those people were elected. They were appointed. And there’s no reason for them being appointed. It’s a policy tool that should be in the hands of the Congress and the President to make our country better...
“Not in the hands of some Princeton professors who never worked a day in their lives except on an academic paper that’s far from reality. I don’t think there should be an independent Fed.”
–Art Laffer via a radio interview in New York. [Emphasis my own.]
Here is one the President most trusted economic advisors stating that he believes the President should do away with the Fed completely and bring its powers back under the control of Congress and the President.
As if that wasn’t astonishing enough, it appears as if this plan is beginning to leak to the media through mainstream outlets…
The Media Gets Involved in Trump’s Scheme
Yesterday on CNBC’s show The Exchange, Steve Liesman, one of the most connected reporters at the network, made the following statement:
Liesman: If the Fed gets this wrong… I think they think that if they make a mistake here, the Fed can be gone.
Interviewer: The Fed can be gone or Powell can be gone?
Liesman: The Fed can be gone or Powell can be gone.
This is huge. Note that Liesman originally says “the Fed” could be gone. When his interviewer asks him to clarify, he then backtracks saying, “the Fed or Powell” could be gone.
One of the Trump administration’s favorite strategies for introducing a controversial idea is to leak it to the media little by little over the course of a prolonged period. They do this so that by the time the actual legislation is introduced, the general public has already gotten comfortable with it.
They did this with the Tax Plan, the Border Crisis, and it now appears as if they’re doing it with the Fed.
More and more it looks as though President is preparing to make a big move against the Fed. If he does, it will be sometime around the Fed’s September meeting on September 18, 2019. (The Fed doesn’t meet in August.)
Those who pick the right side of these trades could generate literal fortunes.
In fact, I’ve spent the last six months developing a trading strategy to profit from central bank interventions.
In the last month alone, we’ve seen gains of 67% in two days’ time, 75% in five days’ time, even 100% in four days’ time.
And we just closed out another winner – a 79% gain in just two days!
I’ll tell you all about it very shortly, but suffice to say, the opportunity to generate literal fortunes from central bank insanity is here.
Editor, Money & Crisis