Danielle DiMartino Booth: Main St is FED UP w/ Status Quo in DC, Central Bankers & Bailouts! (Video)
Danielle DiMartino Booth: Main St is FED UP w/ Status Quo in DC, Central Bankers & Bailouts! Video – Wall St for Main St
Jason Burack of Wall St for Main St interviewed returning guest, former Dallas Federal Reserve insider, author and newsletter writer, Danielle DiMartino Booth http://dimartinobooth.com/.
Danielle also worked for years on Wall St prior to joining the Dallas Fed.
Danielle’s book, Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America was released in early 2017 and is available in all formats including Audible audio book https://www.amazon.com/fed-up-insider…
To sign up for a free trial of her weekly paid newsletter, go here: http://dimartinobooth.com/latest-week…
During this 25+ minute interview, Jason starts off by asking Danielle if President Donald Trump has done anything she’s liked so far?
Danielle talks about how Trump can’t seem to get anything done with the Republicans. Jason mentions how not only do the Democrats hate Trump, but most Republicans also hate Trump because Trump is viewed as more of an independent than a conservative and many Republicans are resentful/jealous that Trump won the nomination and then defeated Hillary Clinton.
Jason and Danielle discuss some of the reasons why President Trump can’t seem to get any of his domestic agenda accomplished in DC. (Hint: the swamp creatures living in DC and making high salaries off the status quo hate change and change candidates and they want to maintain the status quo at all costs).
Next, Jason asks Danielle about Stanley Fischer leaving the Federal Reserve Board of Governors early and if that means more Fed members, like Janet Yellen, will be jumping ship as soon as they are allowed to?
Jason also asks Danielle how President Trump will have a historically unprecedented chance to totally remake the Federal Reserve by appointing 4 or 5 new Board of Governors during his first term. However, the Senate seems to be blocking/sabotaging Trump from even getting his first Fed nomination confirmed.
To wrap up the interview, Jason asks Danielle if the Fed will raise interest rates again in 2017, if the Fed is only all talk or actually serious about meaningfully reducing its balance sheet, about collusion among the G7 central banks and whether large asset and bubbles in the US and the global economy are ready to pop?
Danielle thinks that eventually all US pension funds may need a federal bailout and states and municipalities will raise taxes on their citizens to cover investment losses, reckless campaign promises by politicians and to make up the difference from underfunded pensions! Yikes!