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At the Fed, the Scene Is Being Set for Financial Disaster

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Donald Trump with Federal Reserve Chairman Jerome Powell at the White House. (Reuters / Carlos Barria)

  • When politicians and regulators are asleep at the wheel, sooner or later it’s the rest of us who will suffer. Because of the collusion that’s gone on and continues to go on among the world’s main central banks, that problem is now an international one.
  • Related: I’m a Depression historian. The GOP tax bill is straight out of 1929.

Nomi Prins, TomDispatch.com / the Nation

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April 26, 2018 | Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story with trillions of dollars in play and an economy to commandeer, hiding in plain sight.

While we’ve been bombarded with a litany of scandals from the Oval Office and the Trump family, there’s a crucial institution in Washington that few in the media seem to be paying attention to, even as President Trump quietly makes it his own. More obscure than the chambers of the Supreme Court, it’s a place where he has already made substantial changes. I’m talking about the Federal Reserve. 

Nomi Prins is the author of Collusion: How Central Bankers Rigged the World, forthcoming from Nation Books May 1. She is also the author of All the Presidents’ Bankers: The Hidden Alliances that Drive American Power.

Full story … 

Related:

I’m a Depression historian. The GOP tax bill is straight out of 1929. Robert S. McElvaine, Washington (DC) Post

https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/rf/image_960w/2010-2019/WashingtonPost/2012/12/20/National-Economy/Images/AP2910240251356031158.jpg&w=1484 People gather on the subtreasury building steps across from the New York Stock Exchange in New York on “Black Thursday” on Oct. 24, 1929. The Great Depression followed thereafter. (AP)

Republicans are again sprinting toward an economic cliff.
The plain fact that the trickle-down approach has never worked leaves Republicans unfazed.
Related: Revolution Ahead for U.S. if GOP Tax Plan Rigged for the Rich Is Not Defeated.

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