I https://i-uv.com

  • Home
    • “Meetups” and Connecting with Your Soul Groups
      • Contact Sister Sites
  • OPPT Absolute
    • OPPT Tools
      • OPPT FAQ
      • The Foreclosure Flyer
      • OPPT Courtesy Notice
      • OPPT CN Guidelines
      • Which Courtesy Notice?
      • Cover Letters for CNs
      • Translations of Courtesy Notice
      • Public Interest Courtesy Notice: Monsanto
        • Public Interest Courtesy Notice: IRS
        • Public Interest Courtesy Notice: Chemtrails
        • FREEdom Flyer
    • OPPT Tool Complete
    • OPPT Goes Public
      • OPPT Definitions
      • OPPT Press Releases
      • Conversation with Heather & Brian
    • OPPT Initial Investigation
      • Original OPPT UCC Filings
      • OPPT Financing Statement July 25 2012
      • OPPT True Bill UCC Filing
      • OPPT Commercial Bill UCC Filing
      • Declaration of Facts
      • OPPT UCC Filings in CNs
      • The One People’s Public Trust (OPPT): Your Frequently Asked Questions…ANSWERED
      • E_Call Supporting Documents
  • I UV
    • HATJ: Trust ~ ALL ON!!!
      • Documents for Proof of Ownership for Funds
      • TDDA : Testing spread sheet
    • I and the UV Exchange
    • Heather Ann Tucci-Jarraf : I AM WITHOUT PREJUDICE
    • The Will and The Word of I
    • I UV GIFT HAS BEEN ACCEPTED
  • Media and News
    • Nova Earth News
    • Radio Shows
      • The One People Radio Show
      • The Collective Imagination
      • The Transitioning Radio Show
    • Show Transcripts
    • Radio Interviews
  • Freedom Stories
    • Share Your Freedom Story With The World
    • Checklist for Some BEing and DOing
  • Removing The Veil
    • Banking Industry Quarterly Reports
    • Our Cosmic Community
      • Friends in ‘High’ Places
      • Share Your Stories of Friends in ‘High’ Places
  • I UV Blog
    • Contact Us
    • Gold Meditations

Dick Bove: Trump poised to take control of the Federal Reserve

by BZ ⒾAM Riger / Saturday, 21 July 2018 / Published in Absolute Data

 

 

 

Dick Bove: Trump poised to take control of the Federal Reserve

 

 

  • President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.
  • Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.
  • The result could be a more politicized Fed.

by Richard X. Bove, published on CNBC, on July 20, 2018

President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader in pushing stringent regulation on the nation. By raising interest rates and stopping the growth in the money supply it stands in the way of further growth in the American economy.

First, He Can

The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their position by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.

The Federal Open Market Committee has 12 members and sets the nation’s monetary policy. Seven of the 12 are the members of the Board of Governors. Five additional are Federal Reserve district bank presidents. Other than the head of the Fed bank in New York, who was nominated by the president, the other four can only take their positions as district bank presidents if the board in Washington agrees to their hiring. One of these, the Fed Bank president in Minneapolis, Neel Kashkari, is already arguing for no further rate increases.

 

Second, Regulation

Following the passage of the Dodd Frank Act in July 2010, the Fed was given enormous power to regulate the banking industry. It moved quickly to implement a number of new rules. The Fed set up a system that would penalize banks that failed to obey its new rules. These rules included setting limits as to how big an individual bank could be; how much money the banks had to invest in fed funds and Treasurys as a percent of their assets; which loans were desirable and which were not; where the banks had to obtain their funding and many, many, more up to and including how much a bank could pay its investors in dividends.

These rules have meaningfully slowed bank investments in the economy (the Volcker Rule) and they have had a crippling effect on bank lending in the housing markets (other agencies have had an impact here also).

Thus, of all of the government agencies the Fed has been possibly the most restrictive. The president has already moved to correct these excesses by putting in place a new Fed Governor (Randal Quarles) to regulate the banking industry.

Three, Killing Economic Growth

In the second quarter of 2018, the growth in non-seasonally adjusted money supply (M2) has been zero. That’s right, the money supply did not grow at all. This is because the Fed is shrinking its balance sheet ultimately by $50 billion per month. In addition, the Fed has raised interest rates seven times since Q4 2015. Supposedly there are five more rate increases coming.

This is the tightest monetary policy since Paul Volcker headed the institution in the mid-1980s. It will be recalled his policies led to back-to-back recessions. Current Fed monetary policy is directly in conflict with the president’s economic goals.

Moreover, the Treasury is estimating it will pay $415 billion in interest on the federal debt in this fiscal year. A better estimate might be $450 billion if rates keep going up. There are a lot of bridges and tunnels and jobs that could be created with this money.

Then there is inflation. It is likely to rise if the Fed eases its policies. If that happens paying down the federal debt becomes easier. On a less desirable note, higher interest rates lower real estate values. Lower rates that stimulate inflation increase real estate values.

Bottom Line

The president can and will take control of the Fed. It may be recalled when the law was written creating the Federal Reserve the secretary of the Treasury was designated as the head of the Federal Reserve. We are going to return to that era. Like it or not the Fed is about to be politicized.

Share
  • Tweet

About BZ ⒾAM Riger

What you can read next

[Interesting] Monkey Werx Overwatch SITREP 1 22 21
Marine Corps books all 966 rooms at Hyatt Regency in downtown Jacksonville, sources say
Memo Is Just The Beginning, How Do You Set The Stage, Public Opinion

3 Comments to “ Dick Bove: Trump poised to take control of the Federal Reserve”

  1. Dlt says :Reply
    July 21, 2018 at 3:32 pm

    Very disappointed with this news – thought Trump was going to eliminate the Fed & IRS – & install the new bank reset with the manna trust for humanity – this sounds like more of the same just packaged differently – this is not freeing humanity’s debt slave economic system at all – only the corporations & wealthy will benefit from this – & humanity remains in their slave labor system – this is not the new golden age at all!!!!’

    1. Bryan says :Reply
      July 21, 2018 at 6:28 pm

      Agreed 100%, Dlt.
      I’m not impressed with the “Trump Train”. Though, he is much better than the alternative.
      Hopefully he is just managing them short term so the voodoo economy does not blow up –
      with longer range plan to shut them down.
      Who really knows ?

      1. Bryan says :Reply
        July 22, 2018 at 10:32 am

        I should have said above “I’m not impressed with the Trump Train – YET”.
        I hope we see some action soon. So far all action has been behind the scenes,
        and “sealed”.
        I’m very much hoping the 40K sealed indictments get unsealed soon.
        Yes I know there are still many of the sleeping “I’m with her” folks.
        The only way to deal with those folks is release some proof of
        criminality. I though that was coming in July 2018 – “The month everyone
        learns the TRUTH”. It’s 7-22 – not much July left.

Leave a Reply to Bryan Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow ~ I UV Blog
enter Primary email:
Must confirm email for Success

Delivered by FeedBurner

Share What You See

Share
Thank you for your exchange of value with us
If you find value in the I UV website & blog , enjoy the content , and appreciate the energy put into it for you, please consider returning some energy by making a donation.~ BZ

Updates

  • #UNIVERSALCLEANUP: HATJ & RKB Alleged Trial Transcripts w RKB Closing Statements
  • #UniversalCleanUp: EO 13818 & Letter from the President to the Congress of the United States
    • Quantum Playground: #HATJ #POTUS : “Universal Clean Up” & “Universal Backdoor”
  • Current Updates HATJ & RKB
    • Eastern District TN Court updates
    • Knox County Sheriffs Office Inmate Manual 2018
  • IRS Secret Manual for Agents 1982
  • Court Registry Investment System- CRIS
  • I and the UV Exchange

Recent Comments

  • Tony Glynn on L. Lin Wood and Mercer University Of Law… on Free Speech… Priceless Phone Recording
  • LM on PEDOGATE: Bombshell Disclosures About George H.W. Bush
  • Graham on TRUMP – DO YOU HEAR ME RUNNING
  • ron on [Interesting] Monkey Werx Overwatch SITREP 1 22 21
  • Jackie on TRUMP ODE TO THE CORPORATION!
  • Heidi on TRUMP – DO YOU HEAR ME RUNNING
  • Kim F on Executive Order on Amending Executive Order 13959–Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies

Recent BEing & DOing

  • Quantum Playground
  • Expansion Meme
  • HATJ
  • Absolute Data
  • Abilities
  • Eternal Essence Embodied
  • Disclosure
  • Creative Arts
  • Freedom Stories
  • Removing the Veil
  • China Virus Unmasked
  • Deep State-Illuminati
  • Satanic Ritual Abuse SRA
  • Sex trafficking

Removing The Veil

  • HATJ: Trust ~ ALL ON!!!
  • OPPT Absolute
  • The Slavery System
  • Banking
  • Chemtrails
  • #UniversalCleanUp :History of Banking
  • Modern Money Mechanics
  • Top Secret Banker’s Manual
  • #UniversalCleanUp : Money & Banking Dallas
  • I Bet You Thought
  • Your Strawman
  • Clinton Body Count List Infographic

Archives

www.i-uv.com all content © Eternal Essence Embodied ©2020

TOP