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FORMER FED CHIEF CALLS FOR ECONOMIC SABOTAGE OF U.S. TO HURT TRUMP’S RE-ELECTION
Former New York Federal Reserve President Bill Dudley urged his former colleagues on Tuesday not to help President Donald Trump in his trade war against China. He even urged the central bank to consider how its monetary policy might impact the 2020 presidential election.
Dudley urged Federal Reserve officials not to lower interest rates as a backstop while the president continues his battle against China. Trump has recently increased tariffs on Chinese goods and has called on the nation’s central bank to sharply lower interest rates to help fight the trade war against China.
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“Central bank officials face a choice: enable the Trump administration to continue down a disastrous path of trade war escalation, or send a clear signal that if the administration does so, the president, not the Fed, will bear the risks — including the risk of losing the next election,” Dudley wrote in a post for Bloomberg.
The former New York Federal Reserve bank president said that the Fed could and should try to influence the election against the sitting president. Mainstream economists often assert that the Federal Reserve has to stay independent from political influence.
Dudley said:
After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.
President Trump tweeted Tuesday, “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of the world. Has anyone looked at what almost all other countries are doing to take advantage of the good old USA? Our Fed has been calling it wrong for too long.”
“Officials could state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions,” Dudley said.
(Excerpted from Breitbart, article by Sean Moran.)
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Comments
Thank you Nancy for your comment. (To answer Rita)In 1962 the SC outlawed prayer in public schools. In 1963 the SC removed Bibles (along with the 10 Commandments), and has replaced them with evolution, atheism, humanism, socialism, psychological self-ism, and sexual perversion from pre-school through college. Maybe that’s why America has become so violent, sexually perverted, and anti-God. I have a lot of loved ones who are away from God, and I do pray that the LORD will do whatever it takes to drive them and America to our knees and beg Him for mercy that the lost might be saved.
Eternity is just a breath away, and the LORD could come at any time. We don’t have time to be distracted by supposing that gain is godliness, but rather godliness with contentment is great gain. Turn away from those who preach a prosperity gospel as it leads away from the true gospel of Jesus Christ. If we would spend more time praying and listening to Christ who died and rose again to save the lost, we wouldn’t be asking Him for our selfish and fleshly desires. 1John 3:3 says, “and they who have this hope in them (of His coming for His bride), purifies themselves, even as He is pure.” Maranatha = our LORD comes!
Our Father, who art in heaven, hallowed be thy name. Thy Kingdom come, thy will be done on earth as it is in heaven.
AMEN! Any reader of Richard Wurmbrand’s less-known book “Marx and Satan” will no more be deceived by the demonic power of Communist China, whose father is the devil, a murderer from the beginning, and abode not in the TRUTH. Look at how they steal, and kill, and destroy Hong Kong and all nations right now – a wake up call for all Chinese and all true believers. Father God, faithful and true, deliver us from all evil, and lead us in victory as always, AMEN!
President Kennedy stood against the Federal Reserve as well before he was assassinated in the same court district that began the legalization of the assassination of our children in the womb. May the warrior angels loyal to JESUS CHRIST be granted permission in the Court of Heaven to guard and protect TRUTH and President TRUMP as he battles this demonic one World Order system. All for YOUR GLORY GOD all for you!! Not for our glory flag or our president but to THINE be the GLORY NOW and FOREVER…,, 🙏amen!!
The Fed is not federal, has no reserve, and isn’t a bank [try to get a loan for them or deposit money with them.] they created the great depression 26 years after their creation. Pray they come to justice, and Pres. Trump overcomes them.
Lord, please confuse the strategy of the demonic realm fueling hatred toward President Trumps effort to change Chinas abuse of our economy. Make one lie prove another wrong until they kill each other and fall to the ground, in Jesus name. Amen.
Amen!!
Amen Lord.
Heavenly Father and Lord Jesus, The Federal Reserve is to remain neutral in matters of politics and I am concerned that a former banker suggests banks should derail the re-election of President Trump. Banks have one product from which they profit: debt. Debt in America and around the world is mounting and no real solid solutions are offered to lower debt. Only increase debt by too many elected officials.
So Lord Jesus, I ask for Your mighty intervention that leaders in every sphere of influence consider the benefits of a reduced or debt-free economy. Freedom flourishes in the economy and most importantly in thought as families no longer struggle with heavy burdens.
We praise Jesus for His sacrifice that leads to salvation and to growing the Church. In His Name ~ Amen.
I fear that as a nation we have accepted that economic strength is a higher value than basic honesty and truthfulness
If the love of money is still the root of all evil, it’s easy to see where the heart of many American Christians stand. Gimme, gimme, gimme and don’t worry about the souls of our children and the decay of our nation as we ask God to protect our “stuff.” Morality in America is at an all time low as our economy is growing, and we think God is pleased with us. What we need to pray for is another economic crash that cripples and humbles us and brings America back to God before He destroys this wayward nation. The world has watched Americas fall from grace and is now waiting to see what God is going to do about it. America morality is not getting better, but in fact is growing worse everyday under the leadership of businessmen of VISE = drugs, including alcohol, gambling, prostitution of every perversion, pornography, evils in technology and it’s all legal and damming to the soul. We are to never follow those who are trying to make us rich at the expense of our morals. We need to get our focus on making Jesus Christ Great again in our nation and depend on His abundant riches in glory. May God be merciful to sinners!
Amen. The book of Amos comes to mind. . . . apathy and affluence is not a good place to be and is ripe for judgement. We need mercy from the Lord and sincere repentance from our great sins as a nation.
Our responsibility as Christians is to pray for those in government, bless them, and for our nation – not to determine what God needs to do, especially to pray for destruction of it. In our prayer of blessing, He can decide what is best for those in government and for our nation. In the last days, things will get darker, but our light will shine brighter, as well. That is happening. Thy Kingdom come, Lord, Thy will be done as it is in heaven!
The Federal Reserve is private bank. The name implies it is a part of our government. It is not! It is our enemy!It is group of people that intend to en slave all of the people on this planet! These people serve satan!
Mighty Lord Jesus you are our nations warrior, you have always brought forth good for us who have been blessed to be Americans. We pray now in Your Holy Name to once again triumph over evil intent of those who want to take down our president We believe you haves blessed the World for such a time as this with President Trump and VP Pence- a man of deep conviction and a powerful mover and shaker- what a duo!!! I see a wall of protection around these two men with 10’ tall angels guarding them. We praise you Fathet God for hearing your remnants prayers
Amen and amen
Mary
AMEN!!
Father – everything is Yours here on earth. It all belongs to You! Give our President Your wisdom, discernment, knowledge and power, Father, to do what’s right first in Your sight, then to instill what’s necessary for the good of our nation. Let him be obedient to Your will Father, in Jesus Name, amen.
Amen this is our prayer dear God
I stand in agreement with this prayer.
Our Father which art in heaven, hallowed be thy name. May your kingdom come and may your will be done on earth as it is in heaven.
Lord You have made this nation great not our political or economic leaders. Please lead us through to the best situation economically and politically. We need the best circumstances for our future. You know what is best Lord. Please help us. I ask in the mighty name of Jesus Christ. Amen.
Amen
Only you heavenly Father can lead us out of the quagmire into your will for our nation. Please help us by guiding those who are making decisions that will have a profound effect us. Your help, power, and Spirit are needed as we walk through these crucial times. Without you assistance we will not succeed. Come Lord Jesus to our aid in the mighty name of our Lord Jesus, Amen!
Amen
Amen!
Father God,
We ask for Your perfect will to be done in our nation. Please guide the Federal Reserve Board to do what is right in Your eyes. We ask for wisdom and courage and peace of mind and heart for President Trump and for unity among our people. We ask for Your protection from those who want to harm us. We ask forgiveness for the many ways we have sinned against You.
In Jesus powerful name. Amen.
Amen