They think they are clever calling Trump Krasnov. Idiots.
DUmmies still are devoted to the delusion that Trump is a Russian ... something-or-other.
Sort of flying under the radar, but when Krasnov gets control of the Fed ...
In the real world, Presidents have been the ones who appoint members of the Fed's Board of Governors since 1913. The Fed was created and signed into law in 1913. In that real world, Trump has appointed 5 members to the Board, two of whom resigned after several years' service, two of who are incumbents (~5 and ~7 years' service so far), and one was appointed to serve out the remaining term of a Biden appointee who resigned.
The Fed does a lot more than set interest rates, it regulates banks.
Krasnov plans to lower interest rates to zero, ...
The Fed does these functions under the 1913 Federal Reserve Act and the 1933 Banking Act. Is this a revelation on DU?
In the real world, Trump does not have the authority to set rates, the Fed does Trump (or any POTUS) can urge some action by the Fed, but the Fed has no obligation to do what is urged.
... not to improve the economy but to destroy the dollar ...
In the real world, lower interest rates will stimulate investment into engines of economic growth (e.g. capital equipment purchases).
... China and Russia and the BRIC countries are just waiting to replace the dollar as the world's currency.
The strong US economy intended by Trump will strengthen the dollar. BRICS is coming apart at the seams. Among the BRICS countries, Russia is embroiled in a stalemated war ... Iran got hammered by Israel and the US ... South Africa is self-destructing itself with internal anti-white economic actions ... Ethiopia is coming apart at the seams with ethnic group rebellions ... China's economy is stagnating or worse ...
Krasnov will not just remove regulations on banks, ...
In the real world, Trump does not have the authority to change bank regulations.
... I believe he will force banks to back cyber-currencies with the dollar.
What you believe and a tenner will get you a Frappuccino and change (maybe) at Starchucks. Again, in the real world, Trump does not have the authority to change bank regulations.
The super rich will get richer and the poor will get poorer.
Ah, yes, the worn through and repeatedly patch
Economic Envy Card. Has any Communist or Socialist or modern Progressive ever tried to explain how "The Poor" who cannot afford to buy the goods and services sold by "The Rich" can further enrich "The Rich"?
