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Statement from Jerome Powell
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Re: Statement from Jerome Powell
#92[deleted]
Re: Statement from Jerome Powell
#93[deleted]
Re: Statement from Jerome Powell
#94I’m aghast but numb to this now.
The biggest question for me now is how the usual defenders of this lawless administration will try to defend this or both sides it.
Re: Statement from Jerome Powell
#95As a side note, is there a compelling reason why interest rates aren't set algorithmically? I assume human intuition isn't really a factor in setting them. This would eliminate concerns about political motivation.
Re: Statement from Jerome Powell
#96Venezuela, Greenland, and this. Anyone notice how these extreme events all happened around the same time of the Epstein files getting released with highly publicized questions about all the redactions? It certainly seems like a distraction game.
Re: Statement from Jerome Powell
#97Earlier quoted context omitted.
I implore you to stop being credulous before it's too late. Trump supporters deeply believe, and are not shy about saying, that anyone who stops Trump from achieving his political goals should be imprisoned or murdered.
Holy shit. If you believe even a small minority actually want that, please unplug and talk to real people in meat space.
If you genuinely believe that, then I have some hope that the very toxic messages I see daily in political social media, saying exactly what's being alleged here, aren't deeply held beliefs but a tiny fringe.
Re: Statement from Jerome Powell
#98What's a pleb supposed to do now? Convert every paycheck to BTC, gold, or EUR?
Toilet paper and ammunition.
Re: Statement from Jerome Powell
#99Holy shit. So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works. Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?
I find myself seeking out non-doomer people to read, since the doom and gloom doesn't really help, it's just demotivating. "Look for the helpers" and all that. This outlet has some good things from time to time, like https://www.liberalcurrents.com/we-are-going-to-win/ That said, yeah this is really bad.
Who are your favorite non-doomer folks to read?
I thought this post was a good one on why doomerism is just a waste of time - featuring Ken Jennings of Jeopardy fame:
https://bsky.app/profile/goldengateblond.bsky.social/post/3m...
Some accounts at random that tend towards "this all sucks really bad - however!"
https://bsky.app/profile/olufemiotaiwo.bsky.social
https://bsky.app/profile/golikehellmachine.com
It's a particular and kind of peculiar attitude, because objectively "things ain't great" and it's really easy to dwell on that. But we also need some hope.
Re: Statement from Jerome Powell
#100So I'm sitting here as a Canadian wondering what the American people are going to do? I understand a lot of what the President of The United States says - I even agree with some of it, the problem is I don't feel like we're engaging with the American people anymore. I really wonder where you guys are headed and what it means for the rest of us, I spent 15 years in the states, built a public company there, I really li…
Time to get your PAL buddy