Posted On: Thursday - August 14th 2025 9:59AM MST
In Topics: Trump Economics US Feral Government Inflation
This week's blogging has inadvertently turned into Trump Fest here at Peak Stupidity. I see a couple of more posts coming too, so HEADS UP!
Any readers who are not appreciative of the Trump bashing here, skip to near the bottom, and it'll get better.
In another bout of Banana Republicanism, President Trump is angry at FED Chairman Jerome Powell due to the latter's not lowering interest rates. The basic "Federal Funds Rate" is targeted at 4 1/4 - 4 1/2% right now. (Imagine what natural, free market price-of-money interest rates would be without a FED.) The rates have been raised over the last few years to try to fight inflation. More on that...
Just as with the BLS numbers, no, I don't put it past any branch of the US Gov't now to work against this guy who is not part of the Deep State and has been screwing with the well-established Administrative State. Powell IS probably against Trump.
However, well, come on! Inflation will roll on as long as the FED keep creating currency out of thin air to support trillion dollar deficits.
The GateWay pundit doesn't do too much real thinking. It's a MAGA-leaning site, at least, so the opinions ring true, but, they go along with Trump in President Trump Threatens a “Major Lawsuit” Against Fed Chairman Jerome Powell and Unleashes Fire On Him After Seeing Latest Inflation Data.
AS TGP readers know, Powell has stubbornly held interest rates steady for months despite plummeting inflation numbers, claiming the tariffs will possibly reverse the trend. As a result, Americans are having great difficulty affording homes.OK, but, I thought we didn't trust those BLS numbers. Peak Stupidity sure doesn't!
On Tuesday, the latest inflation numbers came in. Once again, Powell was proven a fool as inflation held steady at 2.7% in July, shy of the 2.8% Wall Street expected.
Oh, about the lawsuit. You can't sue a guy for interest rate manipulation, can you? Shouldn't we have been suing the pants off them since 1913, in that case? No, the lawsuit is nothing but a tantrum. See, the new FED building will end up costing something like $2.5 Billion as opposed to the planned $1.9 Billion. Yes, Trump is a real estate man, so he doesn't like those cost overruns. In the meantime:
Yeah, the DOGE clock actually looks significant, but that assumes all cuts were in the Big Bulbous Bill. They weren't. Our financial problems are not about the FED building, with a waste - if you include the whole thing, which you should - of, oh, back-'o-the-envelope about 0.12% of just the DEFICIT, the overspending for this year annualized.
As for the main point, no, Jerome Powell is between the same rock and hard place as the rest of the FEDs over the last decade at least. Raise the rates to fight inflation, and the interest on the debt becomes nearly 1/2 of all incoming tax revenue. Lower it, and inflation goes up... but, no, Trump says he's got it all under control, with help from a new BLS lady perhaps.
President Trump rages:
“Jerome ‘Too Late’ Powell must NOW lower the rate,” Trump stated. “Steve Manouychin really gave me a ‘beauty’ when he pushed this loser.”Yes, I'd forgotten that. Trump hired the guy! Sorry to bust your Reality-TV bubble, Trump, but inflation will continue due to spending such as your BBB and the numbers that you could see above. Even if rates were back to 2%, interest paid on that $37.2 Trillion would be 3/4 of a $Trillion, which is 3/8 of that deficit. Now, even if you would end MIGA and cut half the military expenditures, interest payment would take more than that savings.
“The damage he has done by always being Too Late is incalculable, the president added. “Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board.”
Hey, he's not a numbers guy. I knew that going in, well, starting this post. He should shut his pie hole about the FED and Jerome Powell because that's all water long ago under the bridge.
That's our Trump rant for today, but there's also the general MAGA movement - that he still leads - to think about, which, besides the MIGA end of it, is doing a lot of #Winning! (Well, I'd like to see real people in real jail too.) Let me paste in a great comment in its entirety by Unz Review commenter Dmon that includes the optimism that Peak Stupidity still has. This includes writing about points we've made here before. (I have put in 2 paragraph breaks and reinstated the cuss words):
As Trump (or maybe just the meme) said, “They’re not after me. They’re after you. I’m just in the way”. So when Trump was elected the first time, they immediately ginned up a coup, staged an armed revolt, suppressed the 1st Amendment and rigged an election. Then they tried to jail Trump and anybody who defended him, established a literal Ministry of Truth, imported foreign invaders and tried to force everyone in America to become a subject of a medical experiment. They essentially told every Trump voter that you are nothing – we can do whatever we want to you. We can tell you boys are girls, we will cut your child’s dick off, we will make you kneel to a drug-addicted gorilla, just because we can.Look, I HATE
It doesn’t matter what you think of Trump. If you’re going to let them do that to you and get away with it, then you might as well just curl up and die. So what do we have now? For the first time in God knows how many years, it’s OK to express pro-White opinions. Shiloh Hendrix and the woman who got stomped in Ohio can receive donations without the state stealing them. Opposing DEI is a legitimate viewpoint, and victims of it are suing and winning. Invaders are actually being deported. And the deep state lying sacks of shit and the woke AWFLs who support them are actually getting a (small so far) taste of their own medicine, and at least having the insufferable smug smirks wiped off their faces. For probably the first time in decades, White people again feel like part of a living, great civilization, the one that made the modern world.
It is beyond Trump – when Trump pisses off his constituency, they let him know, rather than making excuses for him. But it is because of Trump. I don’t care if Trump goes after these fuckers because of principles or just for simple revenge – his revenge is my revenge. And there is no rebuilding without revenge – that’s like painting over termite damage. The vermin must be removed.
Along those more optimistic lines, we'll have some #TrumpWinning regarding voting and also the southern border later this week. Morale will then improve.
PS: Why the "Feral Government" topic key on this post? The FED is not Federal (neither does it have any reserves), but anyway, we are pretty much beyond adding topic keys, so that had to do.
Comments:
The Alarmist
Thursday - August 14th 2025 11:52AM MST
PS
Dagnabit typos: “good thing” and “goofy EU regulatory environment.”
🕉
Dagnabit typos: “good thing” and “goofy EU regulatory environment.”
🕉
The Alarmist
Thursday - August 14th 2025 11:50AM MST
PS
Trump, being a real estate guy, loves low interest rates ... because they allow even the lamest of real estate deals to look plausible.
Truth is, rates are still too low. Lowering them further will only encourage way too much malinvestment. If low rates were such a goid thing, the struggling (dying?) EU economies would be booming, despite the goody EU regulatory environment.
Meanwhile, “Too Late Powell” is in the trenches, fighting the good fight by liberating US rates from their former City of London control via LIBOR, and sucking all the investment capital out of the hands of the WEF/Davosian stooges at the BoE and ECB. In that respect, Mr. Trump is an idiot.
🕉
Trump, being a real estate guy, loves low interest rates ... because they allow even the lamest of real estate deals to look plausible.
Truth is, rates are still too low. Lowering them further will only encourage way too much malinvestment. If low rates were such a goid thing, the struggling (dying?) EU economies would be booming, despite the goody EU regulatory environment.
Meanwhile, “Too Late Powell” is in the trenches, fighting the good fight by liberating US rates from their former City of London control via LIBOR, and sucking all the investment capital out of the hands of the WEF/Davosian stooges at the BoE and ECB. In that respect, Mr. Trump is an idiot.
🕉
"Meanwhile, “Too Late Powell” is in the trenches, fighting the good fight by liberating US rates from their former City of London control via LIBOR, and sucking all the investment capital out of the hands of the WEF/Davosian stooges at the BoE and ECB. In that respect, Mr. Trump is an idiot."
Agreed, but he'd still probably work against Trump no matter - they all hate him. Yet, he's right. Let the lawsuit begin - it ain't Mr. Powell's $600,000,000 difference, though I do know one place he could come up with that kind of cash. ;-}