Re: Most difficult problem is not our competitors, it is the Federal Reserve!-Trump
He doesn't have the power to stop them. But lets say he did. That would affect every aspect of the economy. What I'm saying it's that it's not something that you can just stop on a whim, and proceed with something better as if nothing just happened.
If he does not have the power to stop them, what is the point of having a leader?
Being a leader doesn't make anyone a superman. Shutting down the FED is something Congress wouldn't allow.
They should of never allowed it to begin with, It was and still is illegal.
Absolutely true. They should never have allowed it in the first place. But how do you get rid of it without hurting millions of people who depend on it? And without getting yourself sued, found guilty, and executed in the process?
Bitcoin is barely heard of by regular, average people of almost every country. So, even though BTC is a start, it isn't anywhere near being the thing that is needed to take over.
Here is where Trump is making a start. I think he knows what he is doing. Keep in mind that the U.S. Government's borrowing (from the FED) power is based on projected income tax collections.
They hate Trump so much they're willing to . . . give up the personal income tax?
Quote from: https://www.vinsuprynowicz.com/?p=7681
Back in 1919 exactly a century ago New York state's politicians announced they faced a "revenue shortfall." (That's what greedy politicians always call it when they've bought votes by overspending their income, as in "I bought that nice speedboat and trailer, and jewelry for my mistress, and now that it's time to buy groceries for the family I seem to be facing a 'revenue shortfall.' I wonder how much I can get if I put a tax on kids' lemonade stands?")
The end of the First World War in November 1918 meant New York munitions factories faced a steep drop in profits, you see, reducing the revenue the state government had been bringing in with its "corporate tax." At the same time, it was clear that alcohol would soon be banned across the country. (A double whammy!)
...
Allow me to be the first to congratulate the citizens of the state of New York on the fact they are now one court case away from being forever free of their noxious, redistributive, initiative- and wealth-destroying state income tax.
...
Wow, theyre so anxious to get Trump that theyre actually willing to destroy the myth of FEDERAL tax return confidentiality to have the FEDERAL income tax thrown out as an Unconstitutional Violation of the Fifth Amendment guarantee against self-incrimination reducing federal revenues by about one-third.
Hallelujah for Trump Derangement Syndrome. Will miracles never cease.
The end of the First World War in November 1918 meant New York munitions factories faced a steep drop in profits, you see, reducing the revenue the state government had been bringing in with its "corporate tax." At the same time, it was clear that alcohol would soon be banned across the country. (A double whammy!)
...
Allow me to be the first to congratulate the citizens of the state of New York on the fact they are now one court case away from being forever free of their noxious, redistributive, initiative- and wealth-destroying state income tax.
...
Wow, theyre so anxious to get Trump that theyre actually willing to destroy the myth of FEDERAL tax return confidentiality to have the FEDERAL income tax thrown out as an Unconstitutional Violation of the Fifth Amendment guarantee against self-incrimination reducing federal revenues by about one-third.
Hallelujah for Trump Derangement Syndrome. Will miracles never cease.