Bill Dudley Shocker: Ex-NY Fed President Urges Fed’s Powell To Prevent Trump Re-election

• The Illuminati deep state wants to get rid of Trump by tanking the economy, collapsing the stock and bond market, destroying the dollar … No sitting POTUS wins re-election in a recession as far as I can remember. We are entering a dangerous period, with a great possibility of Global Financial, Monetary, Economic collapse. Got physical gold yet?
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• Bill Dudley Shocker: Ex-NY Fed President Urges Fed’s Powell To Prevent Trump Re-election
  by Tyler Durden, https://www.zerohedge.com/
  At the start of August, we explained how – by scapegoating the global economy for the Fed’s July 31 rate cut – the central bank had now trapped itself, having certified before the world that any further escalations in Trump’s trade war are effectively a justification for more rate cuts. Whether this was Powell’s intention is unclear, although as we said at the time, “it certainly means that Trump is now de facto in charge of the Fed’s monetary policy by way of US foreign policy, and it also means that as BofA wrote, “the Fed is unintentionally underwriting the trade war.”
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  As we noted at the time, this meant that “the Fed may very well be intentionally underwriting Trump’s trade war.” In either case, as Bank of America’s chief economist Michelle Meyer said, such a circular framework is a problem for many reasons, and as the bank admited, there is a risk of an adverse feedback loop where the trade war hinders economic growth, therefore prompting additional Fed easing, which in turn allows for greater trade war escalation. This is shown in the chart below.
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  There was another side-effect left unmentioned: furious op-eds by former NY Fed presidents.
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  Fast forward to today, when what, in retrospect, may be seen as a watershed moment in exposing just how “political” the Federal Reserve always has been despite repeated lies by various officials claiming otherwise, none other than former Goldman chief economist and the former head of the NY Fed, Bill Dudley, after looking at the chart above and having realized that the Fed is underwriting Trump’s trade war, made a “modest proposal” in a Bloomberg op-ed in which he advised Powell to take a political stand against enabling Trump’s trade war, and even go so far as to push the economy into a recession to prevent Trump from getting reelected!
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  Echoing what Powell said in his Jackson Hole speech, where he dedicated a section to Trump’s ongoing trade wars, and blaming them for the Fed’s rising inability to interfere in the US economy, Dudley begins with what is a clear political statement, arguing that “Donald Trump’s trade war with China keeps undermining the confidence of businesses and consumers, worsening the economic outlook.”
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  Dudley, who was among those globalists who enabled China’s tremendous ascent over the past three decades and ensured that Beijing will surpass the US economically and militarily at some point by 2032 if the status quo is left unchanged…
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  read more.

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