ECB cuts key rate why Jerome Powell and the U.S Federal Reserve should do NOTHING! – September 12, 2019,

So, the European Central Bank decided to cut interest rate and silly Donald Trump and his mindless order followers agree that Jerome Powell should follow suit and cut U.S Interest rates also. Since when does America follow the lead of Europe?

The ECB was made to serve German interests. Germany would have a much smaller market if the rest of Europe had its own currency. Germany loves the idea of ECB because now other European countries can buy things from Germany they’d otherwise not be able to afford. Now, Germany could and does sell into the U.S market, however, the U.S market and other markets all over the world are much more expensive and again when you talk about the Germany economy, you’re talking about a minimum wage of $1,557.00 Euros per month.

Minimum wages in case people forget doesn’t allow an economy to contract or deflate, this causes a lot of problems because minimum wages work similarly to a car loan. If your car loan is $400 per month for three 5 years, you as the borrower have to make $400 minimum every month for 5 years, you get sick, you lost your job it doesn’t matter you owe $400 every single month. That’s what minimum wages does to an economy, only certain types of jobs can exist in a country with high minimum wages and deflation is not an option.

So in many parts of Europe, what you’ll notice is that most of the European countries with Minimum wages are having the most economic problems, namely with job growth. In Greece, even though this country recently went bankrupt, they still haven’t abolished the minimum wage. Adding to the European disaster is over-regulation and regressive taxation, thinking about the European Union is a depressing thought, yet Trump wants Powell to mimic the ECB policy and lower interest rates. It’s a dumb idea, but hey, Jerome already gave Trump 1 blowjob by lowering interest rates the first time, let’s see if the spineless bastard does it again.

The video below is interesting and see people write in the comments section lets go back to a Gold Standard, end the Fed Powell should do what Trump says, these idiots wouldn’t be saying this if Hilary Clinton were saying the exact same thing. Interest rates need to go up. Mainstreet isn’t broke, we all know the stock market is being propped up to prevent the crash that should have already happened. Somebody has to be fall guy, but obviously Jerome Powell doesn’t want it to be him and Trump certainly doesn’t want an economic crash on his watch.

As I see it the crash will happen during Trump’s second term in office, I see a debt restructuring, but we’ll see, in the meantime if your Jerome Powell, do nothing, go home, spend time with your family, twiddle your thumbs waiting for the market to rise. Once Trump is re-elected raise interest rates aggressively until they reach 4-5% and let the market correct itself. Let Trump figure out what to do, he might fire you, but in the end, history will absolve you and your actions.

These moronic Gold Bugs have no idea what will have to happen to welfare programs if the U.S and the world return to a Gold Standard, the end the Fed crowd who aren’t pro-commodity based currency, end the fed and replace it with what? Bitcoin? A large percentage of people have no clue how to barter and the moment the world becomes a bit uncomfortable for many of you, you’ll fall in line for a dictator to rule over you. The Fed exists, central banking exists, Fractional banking exists because there’s a demand for it, so Jerome Powell all you need to do is bring some integrity back the markets.

Of course, this world is an ugly miserable place, so this is the time for you Jerome Powell to do NOTHING, convince ther other Fed=people to do nothing, screw Donald Trump, he needs some fuel for the upcoming election anyway. Let him use you as his fuel because all of you people in the Federal Reserve just like me, know you’d rather Trump as President over one of the lunatic Democrats. But there’s no reason to lower interest rates, it’s pointless, to will do nothing, except spook the markes into believing there’s a Dictator running America. Jerome Powell DO NOTHING! Go take a vacation, spend time with your family, the entire Fed, all of you go and get some rest, the markets will be fine.

Interesting times ahead