2w ago

Trump says he has fired Fed governor Lisa Cook. She says she will ‘continue to carry out’ duties

edition.cnn.com

Trump says he has fired Fed governor Lisa Cook. She says he has no ‘authority’ to fire her | CNN Business

Comments

WhatAmLemmy @lemmy.world 2w ago

Project 2025 is Americas Spanish inquisition... and just like the OG, the inquisitors are all pedophiles.
UltraMagnus0001 @lemmy.world 2w ago
I wonder how long until other nations loose confidence in the dollar because of moves like this. How long until everyone pulls their gold from fort Knox? Are they trying to purposely destabilize the dollar for their crypto?
https://abcnews.go.com/Politics/trump-musk-raise-questions-nations-gold-fort-knox/story?id=119219700
AI Overview +7 While the US has gold reserves at the Fort Knox facility, the countries demanding to take back their gold from the United States are primarily European nations like Germany, Austria, the Netherlands, Hungary, and Turkey, as well as India. They seek to repatriate their gold reserves from the US, with concerns about third-party risks, geopolitical turbulence, and a desire to keep their gold on their own soil for security reasons.
- MrVilliam @sh.itjust.works 2w ago
  The tipping point will be when OPEC replaces the petrodollar. The USD will weaken more and more over the next 6-24 months, and trump will piss off OPEC with warmongering, and they'll turn to the petroeuro or petroyuan, and trump will lash out and attempt unwinnable wars while the economy is in freefall.
  Or we'll form our own OPEC to compete, and we'll deal with Russia attempting to invade Alaska. And we'll sell so much oil that Americans won't have any left for us, so we'll be one of those broke petrostates that the right makes fun of all the time.
  Or he'll die before that all can happen.
  If Vance weren't a couchfucking coward, he'd 25th amendment and... destroy the country a little more slowly. Yeah, I don't really see a stable way out of this one.
- Auli @lemmy.ca 2w ago
  Didn't Germany try to get their gold out in the last decade and it want there. Or something like that. I don't get it why would another country trust America to store it.
Redditsux @lemmy.world 2w ago
She's black and in power, and he can't stand it, and it also fits his agenda to wrest control of the Fed. For him it's like killing 2 birds with one stone. smh.