President Trump said he would do a better job as Fed Chief than Jerome Powell because Powell pissed him off by keeping interest rates steady instead of cutting them, as the President wanted. President Trump called Powell “a stupid person” who was “costing the country a fortune,” citing high interest payments for the federal government. I mean…we could also lower the federal debt to lower interest payments. That’s a thought. The Fed also may have a new war to fund. With a $37 trillion national debt, it is clear that the U.S. can’t afford a new war but it can if the Fed acts as a War Venture Capitalist like always. Former Congressman Ron Paul points out in his fantastic book End The Fed, World War I was funded by: 21%: taxation 56%: Fed-backed borrowing 23%: outright money creation That trend hasn’t stopped. It’s only intensified through every war since. If we had no Fed, we couldn’t go to war. End the Fed indeed! The post Fed Holds Rates — To Prep For War? appeared first on Redacted.