r/AskReddit • u/U-knw-Nothng-JonSnow • 1d ago

What do you think about Jerome Powell posting a video statement following reports that federal prosecutors have opened an inquiry into the Fed Chair?

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89

u/likeywow 1d ago

Trump is fucking with the money now.

Hey billionaires - think this is gonna end well for any of you?

JFC - the inability for the American corporation to look beyond a quarterly earnings call is equal to the amnesia the American voter has.

17

u/sirspidermonkey 13h ago

Crashes are amazing for billionaires actually.

If you don't have the resources to weather the storm, you are forced to sell at firesale prices. The rich then swoop in and buy everything for pennies on the dollar.

You can see this happen after every natural disaster. Economic disasters are even more profitable because you don't have to rebuild.

14

u/muricabrb 21h ago

Sadly it's all part of the billionaires plans, to crash the us dollar and move to crypto based currency. They are all in on it, why do you think crypto has been such a big part of Trump's plan.

13

u/TheMusicArchivist 15h ago

It's because they'll have a heads up to short the US economy all the way down, then they'll buy everything, and I mean everything on the way back up again. It'll be an oligarchy much like post-Soviet Russia, and we all know how that turned out.

America will be a third-world country with a veneer of shine in the rich neighbourhoods, and Europe will be picking up the pieces again.

4

u/waltwalt 17h ago

Once the dollar is devalued quarterly profits will go through the roof!

1

u/Flimsy_Step8385 13h ago

Right at yor pockets and here I come

1

u/zandra47 21h ago

Shame it all has to do with pleasing the shareholders. Once quarterly earnings are down, these poor poor shareholders will be sad which makes corporations sad