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this post was submitted on 28 May 2026
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The orange regime wants the fed to lower interest rates but they’re fucking idiots and don’t understand modern micro and macroeconomics.
Suffice to say June 17th is going to be an… interesting day.
June 17th.
Iceland independence day?
or
Fathers day?
WTF happens June 17th?
PS:
I'm a bit sad that Iceland is celebrating June 17th, because Iceland used to be part of Denmark, and I'm from Denmark.
But I would never dream of trying to make them change their mind. It was their decision and I respect that, as do every Dane I know.
June 17 is the day the federal reserve meets to set federal interest rates.
The orange regime wants to do deeply, shockingly stupid things to interest rates in the name of short term optics boosts to help the regime in the midterms. Yes, really. The long term effects of those desired changes will probably seriously fucking tank the US economy for a generation or more.
There’s a lot of shit that’s slowly, quietly breaking in our bureaucracy, and yet fucking everyone still seems to convinced that the checks and balances will save us. But the checks are fraudulent and the balances have been tampered with. So who the fuck knows what’s gonna happen.
What a time to be alive 🫠
republicans know full well what they're trying to do, they're disaster capitilists. crashing the economy is their end-goal every time they're elected and normally they succeed.
it's a big club and we're not in it
The checks said that actually the only check is the American people. They re elected him so there is nothing anyone else can do.
Or Elon stole it. Maybe someday will will know for sure.
yeah the scariest part of if we get through this. What its going to take to get anything like last millenia normal.
Last time it took over half a million dead, including a president, and several constitutional amendments.
Slow decline into poverty, corruption, and insanity is more likely this time imo.
yeah I don't get how people can support making exceptions to law to allow their stuff and then still live in a country of law and order without it being a facist state. you have to make the rules first and then abide by them not make them up as you go.
I don't think my fellow Americans understand anything more complicated than "It feels like this should be legal/illegal so someone needs to make it so."
The longer I live the more I find that the truth is banal and stupid. Nobody is holding the reigns, they are just floating along on vibes.
Yeah those checks and balances seem top be falling like a house of cards.
Interesting times indeed.
.........i think thats the day the new central bank head takes over? Could also be the day trumps 1.7b slush fund becomes available?
Thanks. 👍
I guarantee 100% that Trump & Co. will do everything within their power, including things that are illegal, to lower rates. While Trump appointees are only 3 of 7 Fed governors while Powell remains as a governor, I believe Powell is holding that position to try to negotiate an exit that doesn't leave him facing retribution, and that he'll step away from this train wreck when he has sufficient confidence this is the case. However, if he doesn't strike a deal, Trump will absolutely fire him, or worse, fire up his brownshirts with some stochastic terrorism.
Tbh I wouldn’t be super shocked if Powell ends up just being the shadow-governor emeritus, and fucks with orangeboi’s plans to quickly irreparably nuke the economy.
I still expect the regime to irreparably nuke the economy, as well as the long-term strength of the USD, which may actually end up with the US venturing into insolvency if the world turns away from the USD standard - and it’s looking like the world may ultimately be headed in that direction.
The exodus from the dollar is already well underway. There is a reason gold has been on an epic bull run, as central banks have largely been the driver. Gold holdings now exceed U.S. bond holdings by foreign central banks. Moreover, the U.S. insolvency is already barrelling down the tracks at us. I think there is a high probability that the shit hits the fan in the fall. We're living in interesting times....