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A foreign adversary would likely try much harder to influence the Federal Reserve Bank than the Trump administration already has. I think they would’ve asked fo
by quickthrowman 10mo ago
A foreign adversary would likely try much harder to influence the Federal Reserve Bank than the Trump administration already has. I think they would’ve asked for a wholesale firing of the voting members with yes-men replacements and several rate cuts after that, but it hasn’t happened. The Trump administration backed off from firing Powell and Cook, which I wouldn’t expect to see if someone else was pulling the strings.
Impacting our ability to borrow money/causing inflation are the strongest non-military weapons that can be used against the US, in my opinion.
- mindslight 10mo agoBut there are limits to how hard such policies can be pushed, right? For example the President can't just order the military to shoot all of our missiles straight up in the air, as many soldiers will balk and even if a few do get launched, the jig will be up. (however it might be part of a good strategy for when you are about to lose hold on power) An explicit policy of this administration is to decrease the value of the US dollar. And while monetary inflation does somewhat influence other countries' willingness to loan money (ie buy Treasuries), isolating us from our allies and demonstrating general instability are also quite fundamental to that.