Donald Trump was wrong to comment on low interest rates, she said, because no criticism is permitted.
Here’s CNN’s report on Hillary claiming that no criticism is allowed when it comes to our central bank.
According to Fortune, Donald Trump had said that the Federal Reserve has created a fake economy:
“They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address a potential rate hike by the Federal Reserve in September. “We have a very false economy,” he said.
“At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is the artificial stock market,” he said.
Donald Trump is exactly right. The Fed Vice Chair has admitted to pumping up the stock market at the expense of everyone else. Savers and those who have to spend money on necessities are hurt for the sake of those who know how to game the system.
So what is Hillary Clinton’s response? That the person who holds or who is running for the highest elected office in the United States should not comment on the actions of an unelected banking monopoly.
How is that compatible with representative government?
The Constitution says nothing about such a branch of government. How can the Federal Reserve board of director wield such unaccountable authority?
If we take Hillary’s words seriously, then the Federal Reserve is the highest level of government and nothing the voters can do is permitted to affect it. Basically, we are living in a banking dictatorship.
I once wrote that Donald Trump should realize that the Federal Reserve is responsible for hurting the middle class. His statement now makes me suspect that he realizes what is going on and is being guarded about how he speaks about it.